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It has grown to become one of the largest housebuilders in the UK. [3] In the year to 31 December 2023, Cala Group sold 2,917 homes, had a turnover of £1.3 billion and reported a pre-tax profit of £112 million. It employed over 1,300 people across 10 offices. [4]
On 7 February 2024, the company made an agreed offer to acquire Redrow for £2.5 billion. [52] On the same date, both firms had confirmed reduced revenue and profit. [53] The merged businesses would create a house builder, Barratt Redrow, turning over £7.45 billion and delivering over 22,600 homes a year. [54]
The HBF can trace its roots back to 1939 and the establishment of the National Association of House Builders. [2] This became the Federation of Registered House Builders in 1946 (representing the housing element of the National Federation of Building Trades Employers, NFBTE, in whose annual reports its activities were described), [3] and the House Builders Federation in 1970.
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Property Week is a UK business-to-business magazine which reports on the worldwide commercial and residential property market. It reports news, features and analysis and the latest information from the industry - from development opportunities to investment prospects, professional and legal coverage to regional surveys, plus vacancies.
The British Government's housing white paper, titled, 'Fixing the broken housing market' [6] had a heavy focus on 'diversifying the housing market' and was largely influenced by the HBA, who has been lobbying the Government to understand the negative impact of housing policy on small and medium sized housebuilders (SMEs) over the last twenty ...