The Latest Breaking News from Tim Reardon

Experts say the rate of construction companies going broke is set to continue across the country, as material costs and interest rates rise. Some builders say the situation is tougher than following the global financial crisis.

No sign of new home builds getting cheaper as prices for energy-intensive materials such as concrete and glass continue to rise, despite supply chain delays easing.

Just as increases to construction material prices are starting to slow down, builders are facing a new threat, with rising interest rates forcing clients to cancel their contracts.

As hundreds of property owners wait to see what will become of their unfinished houses following the collapse of Oracle Homes, we asked the experts what the future may hold.