Member Info for Raleigh

Missed the link - https://www.estateagenttoday.co.uk/breaking-news/2020/10/good-news-as-sales-agreed-so-far-in-2020-surpass-2019

Does not go to London or Foxtons, but adds a little to the 'deferral of commission' issue.

In the context of the lure of the countryside, it is pleasing to see that in Central London, 84% of 2020 private completions are forward sold - as opposed to 50% in 2019.

I respond from politeness.
You have made your point. I disagree with it for the foreseeable. It is a theory, until it happens sometime, maybe never.
In the meantime, I go with what there is, and care more about the industry, supply lines and so on - as CD and R will be doing.

Yes. There iare opportunities to seek to address the social housing queues and other community issues whilst supporting the economy. Govt. is looking to involve private equity also.

"Government-backed impact initiative looks to tap institutional ‘chest full of gold’
NEWS
08 Oct 2020
BY SARAH WILLIAMS
A market-building initiative backed by the UK government has launched to unlock a ‘chest full of gold’ of institutional capital for ‘place-based’ impact investment, including into social housing.

An initiative backed by the UK government has launched to unlock a ‘chest full of gold’ of institutional capital for ‘place-based’ impact investment, including into social housing #UKhousing #SocialHousingFinance #impinv #ESG

"Not making use of UK pension funds to invest into addressing local need is 'like doing without, whilst sitting on a chest full of gold'" #UKhousing #SocialHousingFinance #impinv #ESG

The project, which has a particular focus on UK pension funds, is seeking to influence institutional investors to consider asset classes that deliver long-term financial returns as well as tangible place-based environmental, economic and social impacts.
 
It identifies an opportunity for private capital to invest in segments that have traditionally relied on government and EU funding, as well as grant funding from foundations.
 
The eight primary asset classes named in the inception report include housing – spanning social housing, retirement homes, care homes, student housing, build-to-rent and ‘other’ – as well as urban regeneration. The other six are clean energy, education, medical, SME finance, transport and infrastructure, and land."
 

Vistry Partnerships again.

Developers Vistry Partnerships and Cheshire West and Chester Council are working together to build "high-quality, affordable homes" as part of a joint effort to "boost and rebalance" the area's housing supply.
https://www.chesterstandard.co.uk/news/18776608.building-work-starts-100-new-homes-ellesmere-port/

All sorts of innovation now going on, to get houses built.
Sovereign Housing Association has bought a Bristol shopping mall and car park from BlackRock UK Property Fund for £27.2m. The acquisition, which covers three acres of land, represents the biggest commercial property in Sovereign’s portfolio. A local residential building and smaller surface car park have also been acquired as part of its investment. The association will use the income generated from owning the Clifton Down centre and adjacent land to deliver additional affordable housing across the south of England, as well as improve existing homes.

I think most is priced in anyway, unless investors are living in caves. And on the FTSE 250, it goes up and down, like the rest, as known, on the performance of its constituents. It is possible for Sig to help it up, down, sideways - or go its own way. I obviously believe it will improve over the sort of timescales given.

And from what I read, builders will build on through Covid and businesses, ( housebuilders playing catch-up ) are doing their best to ensure they have materials in to lessen any Brexit impact.

The risks to all businesses remain, but we all, including CD and R etc., know them. And in a sense, Sig may be better placed from an investors viewpoint because it looks to come off the lows after a very poor showing, having been recapitalised and with a new team. Here is, I think, a quite balanced view, leading on from what you say.
https://www.designbuild-network.com/comment/uk-construction-sector-no-deal/

And if significant to you - sell them quick. If you have any to sell.

Insignificant to me.
In the meantime, similar article to yesterday but builders said to be 'stocking up."
https://www.cips.org/supply-management/news/2020/october/construction-sector-soars-ahead-/

CREDIT SUISSE RAISES TAYLOR WIMPEY TO 'OUTPERFORM' ('NEUTRAL') TARGET 158(154) PENCE

They see the share price advancing for now against its sector peers.

Yes, that counter price movement again. It can be annoying, but on a no news day it is insignificant when set against the turnaround opportunity pursued by long term partners CD and R and their fellow investors.

I imagine most are aware.
Boris Johnson says reform of mortgage market will spark ‘biggest expansion of home ownership since the 1980s’ He used his speech to the Conservative Party virtual conference today to set out plans to reform the mortgage market to get two million first-time buyers on the housing ladder. He said the government was going to take forward its manifesto pledge to set up a market for long-term fixed-rate loans, which will require deposits of just 5%.

https://www.miltonkeynes.co.uk/news/people/developer-wants-build-113-extra-homes-milton-keynes-estate-2994277

And the trend is positive.
ECONOMICS AND GENERAL

The UK construction sector continued to expand in September to post a solid end to the third quarter, figures from IHS Markit showed. The IHS Markit/CIPS construction total activity index registered 56.8 in September, up from 54.6 in August. Any reading over 50.0 indicates expansion, and one below contraction. The strongest performing category was home building, while work on commercial projects also increased strongly. Meanwhile, civil engineering activity fell for the second month running and at the sharpest rate since May. September's expansion was driven by an improvement in demand. New orders rose for the fourth time in as many months as firms continued to note a release of pent-up demand. Confidence towards the year ahead was the strongest since February, supported by expectations of a sustained rise in new work.

No - but govt. spending on construction into the future.
https://www.theconstructionindex.co.uk/news/view/ministry-of-defence-shares-its-construction-plans

And I do agree - absolutely no movement beyond earlier small acquisitions as far as I am aware on the MXLG effort to build a company of size and scale, as was touted, by acquiring and consolidating in the market. I doubt that Liberty Global have thrown in the towel, so something is up with that.

Restricting myself to Íde, MXCP at some stage will sell it. As we know, MXLG was thought of as a distinct possibility. Only MXCP and Íde know the intended journey to get to that point.