A new report from Sheffield Hallam University analysed
the financial records of the nine biggest housebuilders between 2010-2015 and
found startling results. The nine increased their housing output by 33 per cent
from 2012-15. At the same time, revenue grew at more than twice this rate,
increasing to 76 per cent, with profit before tax rising by a staggering 200
per cent in this period. The research
also showed that end of year profits for the biggest five firms increased from
£372 million in 2010 to over £2 billion by 2015 - an increase of over 480 per
cent. Furthermore, dividend payments to shareholders in 2015 by these firms
amounted to 43% of yearly profits, raising questions about the levels of
reinvestment in housing production taking place. Read more on Housingnet.
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