Bellway has become the third major UK housebuilder in quick succession to cut jobs, placing a limited number of roles at risk at its head office and regional divisions.

Staff were told last week, according to Construction Enquirer, which first reported the move on 11 November. A Bellway spokesperson confirmed the decision, saying the company had taken “the difficult decision to place a limited number of roles at risk of redundancy” in response to “ongoing challenging market conditions”.

Third housebuilder to cut jobs

Bellway follows Vistry, which began implementing redundancies last week, and Taylor Wimpey, which also announced a consultation on local team structures that may result in limited redundancies, The Times reported. The Times understands about 4 per cent of Bellway’s workforce could be affected, although neither company confirmed a number.

The cuts come as demand for new homes stays weak. Just over 26,000 new homes were registered in the UK in the third quarter of 2026, down 13 per cent on the same period last year, according to the National House Building Council.

Profits rose but demand stayed weak

The job cuts land against stronger headline results. In its full-year results for the year to 31 July 2026, Bellway reported revenue of £3,162.2 million, up from £2,782.8 million, and pre-tax profit of £270.2 million, up from £221.9 million. Completions rose 10.8 per cent to 9,695 homes at an average selling price of £324,404.

Even so, the Newcastle-based builder warned that customer demand remains constrained by economic uncertainty, affordability pressures and mortgage costs, and it expects to complete between 9,000 and 9,400 homes this financial year, below last year’s total. Bellway said it recognises this is a difficult time for the colleagues affected and is committed to supporting them throughout the process.