Barratt Developments Share Discussion Threads

[netcurtains] 22/7/2024 08:18

not bad hunch

[netcurtains] 17/7/2024 09:14

Probably a good day to get into these "if" the building boom and interest rate fall is still on the cards...

[bargainsniper] 16/7/2024 10:09

Labour wants 40% of new housing to be social affordable. This is expensive to builders.They need to build a lot of them fast to keep up with the small boats arriving

[ammons] 15/7/2024 18:55

Sikhs, the government will certainly have to offer sweeteners to house builders to build big and build fast with penalties if they dont meet a contract term. Standard stuff.

Windfall taxes? HBs not having a choice about what to build, whether or not they make money out of it? Erm, keep taking the tablets. You think Labour is going to nationalise housebuilders? How else would that crackpot idea work?

The NHS is in major crisis. Worst ever. In order to resolve the crisis and reduce record waiting lists do you think Labour will force companies like your beloved TLY to take on NHS work whether they want to or not or whether TLY makes any money or not under threat of windfall taxes and other such nonsense?

[sikhthetech] 15/7/2024 11:25

Ammons

"Where did you get this, STT?"

Why not answer the point? The govn has a mandatory requirement to build 1.5m homes, 300k a year.

Labour in opposition told everyone what the problems were but didn't actually provide solutions, just said "Change".


Given HBs are reducing the number of builds, how will the govn achieve their manifesto goals?


As to the sp, it's easy to trade hyped sectors.

[ammons] 14/7/2024 19:55

"It's not something where HBs will have a choice, pick and choose which they want or if they can make money out of it.

The govn will have to provide sweetners to HBs, penalties for not building enough, windfall tax on HBs or maybe setup a nationalised HB etc."

Where did you get this, STT? Sounds like another of your crackpot inventions to me. Labour are going to force housebuilders to build what the government wants them to build, whether they make any profit or not and maybe windfall tax them? Nationalised HB project?

I think you are drunk.

[sikhthetech] 14/7/2024 19:14

netcurtains,

"This is CORE LAbour policy."

That's the point.
It's Mandatory requirement to build 300k every year. The 1st time it's been mandatory since 1950s!! The govn also plan to use compulsory purchase orders.

It's not something where HBs will have a choice, pick and choose which they want or if they can make money out of it.

The govn will have to provide sweetners to HBs, penalties for not building enough, windfall tax on HBs or maybe setup a nationalised HB etc.


The problem is affordability not the current supply of homes. The govn isn't addressing the problem, affordability.

[netcurtains] 13/7/2024 08:58

Puzzler2:
WHO CARES?

Barrett will not build them unless it makes money.

END OF.

LABOUR will lower interest rates and possibly
do some tax savings for builders...
They will get them built.

And Barrett will make money out of it.

That is all we need to know.

[puzzler2] 13/7/2024 07:44

Yes, but who will be buying these 1.3m new homes and what price will they be prepared to pay?

[netcurtains] 12/7/2024 20:42

Sik: You're being like King Canute trying to hold back the sea.

This is CORE LAbour policy.

HOUSE BUILDING

[sikhthetech] 12/7/2024 20:28

Netcurtains

"I guess we need to see how August pans out"

HB TUs soon. BoE interest rate decision. Then see what Labour are actually going to do. It's easy to talk. Actions see louder than words.
Watch what's happening in US and Ukraine/Gaza.



It is still early days.

Look at the timing. All HBs rising around time US market opens.

Best to trade hyped sectors.



sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<...>
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energ

[netcurtains] 12/7/2024 16:30

Interesting tussle going on between the stale bears and the young bulls...
It is still very early days.
Could be start of a long bull run
or
continued fall....
or
no-mans-land for a bit....

I guess we need to see how August pans out...

[netcurtains] 12/7/2024 16:10

Biggest housing boom ever

Just around the corner...

[netcurtains] 12/7/2024 15:28

Come on BARRETT.....

YES WE CAN!

[sikhthetech] 12/7/2024 14:04

These were my previous comments on HBs/housing market.
Wouldn't buy HBs when PSN was over 2000p, my target 1300-1500p
Inflationary pressures, so interest rate rises, 6 months before BoE started increasing base rates.
Expecting some properties to crash 40%++ * some already have
Best to trade hyped sectors


The newsflow has been as expected.

[sikhthetech] 12/7/2024 13:58

netcurtain,

"We agree to disagree "
Absolutely, agree to disagree


"Interest rates will come down"

Point is Base rate won't return to 0.1%.
Hundreds of thousands who took out fixed rate 2-5yr deals are coming off them and having to pay double+++ on mortgage interest. Affordability leading to higher homeowners in mortgage debt, repossessions.


"Labour want it to happen fast"

So did the Tories.
The govn can't control the market. Govn which try and control the market end up pushing problems down the road.


Who was in power when the previous housing market crashed? Labour. Don't forget the "credit card is maxed out"..


Good luck but I'm very negative on HBs and housing market.

Best to trade hyped sectors.

[netcurtains] 12/7/2024 13:44

Interest rates will come down
There is a great deal of pent up demand
Labour want it to happen fast

[louis brandeis] 12/7/2024 13:41

I personally can't see the highs of 2021 coming back soon, although I wouldn't complain if they did.

Interest rates are not returning to the record lows we had over the last decade. Energy and other affordability issues are here to stay for longer than most expect. Corporation tax has increased, legacy costs continue, labour rates will not reduce anytime soon due to Brexit killing labour supply liquidity and competition. On top of all that it will take time for planning to get better and I can't see Labour introducing schemes anywhere near like the old HTB schemes. First time buyers will take longer to build up deposits as landlords are screwing them for more money. If the future was incredibly rosey we wouldn't see as much consolidation going on like we have now and Crest executives wouldn't be excepting the bid from Bellway at its latest offering price.

[netcurtains] 12/7/2024 13:10

We agree to disagree 😀😀&#128512;

[sikhthetech] 12/7/2024 12:59

netcurtains,

"SUPPLY increased COSTS decreased PRICE reduced"

Exactly, affordability...price reduces.

Why are HBs building fewer properties? It's not because of planning but affordability.

Barratt Developments sees further slow down in completions next year

"Barratt Developments, one of the UK’s largest housebuilders, reported a mixed performance for the financial year 2024, reflecting the ongoing challenges in the housing market caused by high interest rates and the cost-of-living crisis."





"as well as NHS"

Agree.
The difference between properties and NHS is properties reduced demand due to affordability. NHS. problem with over demand and lack of hospital resources. Patients don't pay for treatment.

Everyone needs healthcare regardless of their status. Not everyone needs new properties.

[netcurtains] 12/7/2024 12:06

sikhthetech....
The solution is economics.
SUPPLY and DEMAND

Ease up the process of planning saves millions...
SUPPLY increased
COSTS decreased
PRICE reduced

LABOUR got in on this, (as well as NHS) - they will be delivering
over the 4 year period.....

Labours Plans:

"A Rising tide raises all boats"...

[sikhthetech] 12/7/2024 11:37

The problem isn't govn's plans to build more homes but affordability.

The Tories also wanted to build significantly more homes but the HBs themselves are building fewer due to affordability issues.

Pointless Labour having a mandatory 300k pa build policy if affordability problems remain. If they force HBs to build more then it'll lead to oversupply and lower prices.


As to 2021 highs - base rates were 0.1% and there was significant govn covid support.
pre-2008 - Mortgages were easily available, less regulation and a surge in Buy to Let.


Again, affordability.

Also during 2000's several Eastern European countries joined the EU, leading to freedom of movement. Now, due to brexit, freedom of movement no longer exists.