“For those of us working in the new homes sector, this Budget feels like a missed opportunity to provide direct stimulus.
“The announcement of a consultation on a new, simpler ISA product to support first-time buyers is a positive signal, and we look forward to seeing the details when the consultation launches in early 2026. Anything that helps first-time buyers save towards a deposit more easily is good news for the new-build market.
“That said, we would like to have seen more direct support – whether through enhanced stamp duty relief for first-time buyers, incentives for developers facing rising construction costs, or measures to improve viability on challenging sites. The sector continues to face pressure from increased build costs, planning delays and complex regulatory requirements.
“When housebuilding flourishes, the wider economy benefits – from construction workers to solicitors, mortgage brokers to removal companies. Investment in new homes is investment in growth.
“There was an interesting reference to the government's commitment to get spades in the ground on at least three new towns this Parliament, each delivering a minimum of 10,000 homes. We'll be watching developments at Tempsford, Leeds South Bank and Crews Hill with interest.”
