The UK’s Key Housing Target Is at the Mercy of Wary Homebuilders
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The UK government has put a target to boost homebuilding at the center of its growth plans. The companies that will actually deliver those homes are already telling shareholders they won’t get close to achieving it.
The country’s six biggest publicly traded homebuilders — which after a wave of consolidation now account for almost a third of new dwellings each year — have told investors they’re expecting to sell about 65,000 homes in 2025.