• From The BBC:

    The housing market is showing the first signs of an upturn since 2006, the Home Builders Federation (HBF) has said.The body’s survey of Britain’s major home builders found 60% of those asked had seen an increase in sales compared to the same time last year. The HBF says the industry has been through the economic equivalent of a tsunami, with an estimated 250,000 construction jobs lost in a year. It says the biggest hurdle to recovery is now the availability of mortgages. Chancellor Alistair Darling is to meet with the banks next week to remind them of their legally-binding obligation to lend more money to homebuyers. Steve Turner, spokesman for the HBF, said the survey results were a welcome boost.
    “It’s been a very difficult year, but what we are starting to see is a consistent set of modest but positive results now in terms of visitor levels, in terms of reservations. “I think for the first time in a number of months the industry is starting to feel more positive.” But BBC correspon…

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    Posted by Jon @ 3:39 am

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