UK mortgage approvals gained in March as the effect of the worst cold snap in three decades and higher taxes on property sales faded. The number of loans for house purchase granted rose to 52,000 from a nine-month low of 48,000 in February, according to a sample from the Bank of England’s panel of lenders released in London today. Prime Minister Gordon Brown, who’s fighting an election campaign ahead of a May 6 poll, said yesterday the housing market is set to “stabilize” as demand from first-time buyers picks up. Central bank policy makers unanimously kept their £200bn ($309bn) bond-purchase plan on hold this month as they assessed the strength of the economic recovery.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Fortune Magazine and Great Place to Work this week announced the winners of its 2020 Best Companies to Work For list, ranking America’s best workplace environments for large companies. And multiple industry titans in the housing space made the list.