Latest news with #Homebuilding
Bloomberg
29-07-2025
- Business
- Bloomberg
London's Housebuilding Collapse Is a Huge Problem
Homebuilding in London has all but ground to a halt. The capital is on track to deliver less than 5% of its annual target of 88,000 homes with half the year gone, by far the worst performance in two decades. Such a collapse in the UK's largest and richest city would be a poor omen for economic growth and productivity at the best of times. For this to be occurring under a one-year-old Labour government that arrived in office promising a generational uplift in housing supply is extraordinary. The figures almost defy belief. Housing starts have fallen by more than 90% compared with the financial year ended in 2023, official data from the Greater London Authority show. Across two-thirds of the capital's boroughs, there were zero starts in the second quarter on developments with more than 20 private homes, according to researcher Molior London. Sales, meanwhile, are running at their weakest rate since 2009 with just 3,950 new homes purchased in the first half of 2025, the company said.
Yahoo
29-06-2025
- Business
- Yahoo
Meritage Homes Extends Veteran Partnership, Donates 2 More Mortgage-Free Homes
Meritage Homes Corporation (NYSE:MTH) is one of the most undervalued US stocks according to analysts. Towards the end of May, Meritage Homes announced the extension of its partnership with Operation Homefront's Permanent Homes for Veterans Program. This year marks the company's 12th year of collaboration with the organization, bringing their total donations to 22 mortgage-free homes. As part of this extended partnership, Meritage Homes will donate two brand-new, mortgage-free homes to veteran families. One home will be located in the Lorson Ranch community in Colorado Springs, Colorado, and the other in the River Glen community in Angier, North Carolina. An employee of the company pointing out the features of a house to a first-time homebuyer. These newly constructed homes feature open-concept floor plans with designer-curated interiors and a suite of energy-efficient features. This includes ENERGY STAR appliances, a multispeed HVAC system, and spray-foam insulation, contributing to lower utility costs for the families. Each home is also equipped with a smart home suite for convenient control of the thermostat and security devices via a mobile app. The military families to receive these homes will be announced in September this year. Meritage Homes Corporation (NYSE:MTH) designs and builds single-family attached and detached homes in the US. It operates through two segments: Homebuilding and Financial Services. While we acknowledge the potential of MTH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
