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Tworzenie stron wwwBritain's housebuilders are building fewer homes in the face of tighter mortgage lending and an uncertain price outlook, but slashing volumes and costs may not be enough to lure back investors to the battered sector. Britain's major builders completed fewer homes last year - about 76,000, down around 10 per cent on 2006 - as higher interest rates and the global credit crunch drove away buyers. And things are set to get worse, with analysts predicting 10-16 per cent fewer new homes this year, a price fall of around three to five per cent and a drop of some 20 per cent in transactions. Such worries have pushed shares of major house builders including Barratt and Taylor Wimpey down more than 50 per cent in the past six months. The stocks have recouped some of the losses since mid-January, as value investors entered the market, but analysts warn of tougher times ahead and prolonged volatility, as data so far sends mixed signals on the market conditions. "Tighter credit is the major constraint, and this is unlikely to change for a while. So no one is expecting that a short, sharp shock will be followed by a swift, V-shaped recovery," Charles Stanley analyst Tom Gidley-Kitchin said. Citigroup and KBC analysts agree the sector is cheap, but they caution that any revaluation is unlikely until late next month and May when more solid data on the spring selling season is available. 1. Massa wins as Hamilton stumbles data: 07.04.08 Ferrari's Felipe Massa dominates the Bahrain Grand Prix as Lewis Hamilton fails to score and loses the championship lead. 2. Latest Pictures: In pictures: Heather Mills through the years data: 19.03.08 In pictures: Heather Mills through the years. 3. Bangladesh seeking consistency in Pakistan data: 07.04.08 Bangladesh coach Jamie Siddons is confident his side will benefit from their hastily arranged tour of Pakistan, where they will play five one-day internationals and a Twenty20 match. 4. Greece gripped by pensions strike data: 19.03.08 Greece's civil servants hold a general strike against pension reforms, paralysing transport and closing public offices. 5. Credit crisis fallout continues data: 10.04.08 The latest report from the IMF on the global credit crisis is the main news in the Daily Telegraph. 6. April snow worst for two decades data: 07.04.08 Britain saw its worst April snowfall for nearly 20 years yesterday as winter returned. 7. Angus Fairhurst, member of Young British Artists, dies data: 07.04.08 Angus Fairhurst, one of the group known as Young British Artists, or YBAs, who stirred up the art scene in London and beyond in the 1990s, died Saturday in Scotland. He was 41 and lived in London. 8. Protesters 'surrender in Tibet' data: 19.03.08 China says more than 100 Tibetan protesters have given themselves in, as protests again hit a nearby province. 9. Scots beaches 'worst for waste' data: 10.04.08 Scottish beaches have the worst levels of sanitary waste in the UK, according to a new survey. 10. Unseasonal snow is a problem for plants data: 07.04.08 The wintry weather is bad news for gardeners as the cold snap threatens to damage plants and crops. 11. Virgin criticised on seat adverts data: 19.03.08 The advertising watchdog upholds complaints about claims made by Virgin Atlantic over its premium economy class seats. 12. Cardiff set up FA Cup final with Portsmouth data: 07.04.08 Joe Ledley scores the only goal to end Barnsley's FA Cup run and send Cardiff through to a final against Portsmouth. 13. Yemen pushes Palestinian dialogue data: 19.03.08 Yemen holds separate talks with Fatah and Hamas in an effort to foster Palestinian national reconciliation. 14. Fuel costs just part of airlines' list of woes data: 10.04.08 Even before the recent flight cancellations, airlines and passengers were facing a new wave of travel misery. 15. Bluebirds win FA Cup final place data: 07.04.08 Thousands of Cardiff City fans celebrate their side going through to the FA Cup final next month. 16. Ten Years of Blair: I'VE HAD ENOUGH ..AND SO HAVE YOU! data: 19.03.08 TONY Blair yesterday brought down the curtain on his Premiership in a speech full of pride, passion and humour. 17. Golf: Rose positive over Masters data: 10.04.08 European number one Justin Rose says his late stumble at the 2007 Masters will stand him in good stead this time around. 18. Schools 'recycling' incapable teachers data: 07.04.08 Schools are simply "recycling" bad teachers rather than removing them from the classroom, according to a new report. 19. EU court to rule on use of 'Adidas stripes' data: 10.04.08 Fashion designers using stripes, from Comme des Garçons to Fred Perry, could fall foul of a ruling on the protection of the Adidas motif in the European Union courts today. 20. 'Don't call him Boris,' Tessa Jowell tells Labour data: 07.04.08 Labour ministers and MPs have been banned from referring to Boris Johnson, the Tory candidate for London mayor, by his first name, it emerged yesterday. 21. Clashes in Egypt strike stand-off data: 07.04.08 Egyptian textile workers and police clash after security forces take over their factory to prevent a major strike. 22. BA's Terminal 5 proving to be one big hub of chaos data: 07.04.08 Terminal 5 was supposed to be the saving grace for British Airways and London Heathrow. Instead, passengers are bracing for more chaos. 23. Experts warn Alex Salmond over tax data: 10.04.08 A Westminster ruling that Alex Salmond does not have the authority to introduce a local income tax has "real substance", some of Scotland's most senior constitutional and financial experts have said. 24. Cricket: India's Zim tour on hold data: 10.04.08 India's proposed one-day series Zimbabwe is postponed indefinitely because of their busy schedule. 25. Life in the loo data: 10.04.08 Is a nightclub toilet Britain's grimmest workplace? 26. Food colourings with link to hyperactivity may be banned data: 10.04.08 Food safety watchdogs are expected to call today for a ban on six artificial food colourings which have been linked to hyperactivity in children. 27. 54 Burmese migrants suffocate in truck data: 10.04.08 At least 54 illegal Burmese immigrants have died of suffocation while being smuggled into southern Thailand in a freezer truck, police have said. 28. Clashes at Olympic torch relay data: 07.04.08 Police arrests dozens and change the route of the Olympic torch relay to avoid protests in London. 29. Trial of couple accused of killing 7 young women to begin in France data: 27.03.08 Michel Fourniret, allegedly one of France's most deadly serial killers, goes on trial this week with his wife, who is accused of helping her husband lure in his prey. 30. Darfur women still face rape risk data: 07.04.08 Women and girls in Darfur are still subjected to widespread rape and sexual assault, Human Rights Watch says. |