Friday, Sep 28, 2007
NSW housing heading for wall
smh.com.au: NSW is about to enter its most prolonged housing construction downturn since the Great Depression.
The slump does not augur well for other building materials companies, particularly Boral, which generates most of its Australian revenues in NSW. Boral also faces the problem of enduring the sharp housing slump in the US, where it is the largest brickmaker. Boral reported an 18 per cent slump in full-year profits last month."This downturn hasn't been the deepest or steepest downturn but it certainly is the longest downturn in the history of Australia since the end of World War II,"
Posted by chris @ 10:03 AM (152 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.