'Obsidian' is expected to be completed by Q4 2026 and marks the tenth development in Manchester city centre in seven years for Salboy and their construction partner, DOMIS.

All but one of the big housebuilders have seen a reduction in the volume of land banking plots held on an annual basis.

New research shows which areas delivered the biggest share of the 174,440 new build homes built across England in a year.

The new free digital guide will offer local planning authorities and developers guidance on implementing England's Biodiversity Net Gain policy.

The group saw both profits and turnover decline in 2023, although it highlighted a steady rate of sales.

The housebuilder stated that should market conditions remain stable they would be well-placed to see a return to growth in 2025.

The volume housebuilder has seen operating margins of an average of 25.4% per year since 2019.

The housebuilder said that its multi-tenure partnership model compensated for reduced demand from private buyers

High construction costs are continuing to hit housebuilding productivity, with the cost of materials climbing by an average of 33.2% versus the pre-pandemic landscape.

The number of sites that gained planning permission in 2023 dropped to the lowest level for a 12-month period since The Housing Pipeline Report began in 2006.