Britain Lost Over 1,500 Homebuilders in Past Year on Weak Demand

The number of housebuilders in Britain is in decline for the first time in a decade, as a slump in demand threatens to derail the government’s plan to build 1.5 million homes.

The number of homebuilders trading in Britain fell by more than 1,500 — or 1.7% — in the year to September, the first annual decline in at least a decade, according to data from broker Hamptons. Some 1,904 developers were either in administration or in the process of being wound up over the same period, a 5% year-on-year increase that’s 63% higher than in September 2022.