Vistry sees demand start to return for new social housing
AI Article Summary
Vistry has seen an increase in demand for social housing from housing associations and local authorities, supported by the government's focus on affordable homes and a £2bn grant. The company remains on track for profit growth by 2025 and has secured a £50m grant to accelerate new projects. Its forward order book remains steady, but open market sales are still affected by economic uncertainties.
What This Means for Canadian Contractors
For Canadian builders, this means the social housing sector is gaining momentum and could signal similar opportunities in Canada if government funding initiatives align. This trend highlights the importance of government policies and funding in driving sector growth, potentially leading to faster permit approvals and project completions. It also emphasizes the need for builders to be adaptable to changing government priorities.
