Rolling coverage of the latest economic and financial news, as hawkish BoE policymaker looks for signs that rates needn’t rise further
UK housebuilder Bellway has reported that falling mortgate rates has spurred demand.
It told the City this morning that reservations in January were higher than a year ago:
The reduction in mortgage interest rates throughout the first half has led to encouraging levels of customer enquiries in the traditionally quieter winter trading period, and an improvement in the private reservation rate during January to 0.59 per outlet per week (January 2023 – 0.45).
The economic outlook has improved through the period, although the Board is mindful of future risks to customer demand and cost inflation, particularly from ongoing geopolitical tensions. Against this backdrop, we will retain a clear focus on maintaining balance sheet resilience.
Continue reading…Rolling coverage of the latest economic and financial news, as hawkish BoE policymaker looks for signs that rates needn’t rise furtherUK housebuilder Bellway has reported that falling mortgate rates has spurred demand.It told the City this morning that reservations in January were higher than a year ago:The reduction in mortgage interest rates throughout the first half has led to encouraging levels of customer enquiries in the traditionally quieter winter trading period, and an improvement in the private reservation rate during January to 0.59 per outlet per week (January 2023 – 0.45).The economic outlook has improved through the period, although the Board is mindful of future risks to customer demand and cost inflation, particularly from ongoing geopolitical tensions. Against this backdrop, we will retain a clear focus on maintaining balance sheet resilience. Continue reading…
