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9 House builders bank permission for > 600,000 housing plots but do not build them

Britain’s nine biggest housebuilders have landbanked 615,152 housing plots that have not yet been developed – four times the total number of homes built in the past year.

The top four firms – Berkeley, Barratt, Persimmon and Taylor Wimpey – also hold £947million of cash, according to a investigation by The Guardian.

http://www.telegraph.co.uk/finance/property/news/12075220/Housebuilders-sitting-on-enough-land-to-build-600000-new-homes.html#disqus_thread