Saturday, Apr 26, 2008
So if they don't build and sell houses - what's the business model?
BBC News online: New builds stopped as sales fall
A leading house builder has abandoned plans to build homes on new sites until mortgage conditions improve.
North Yorkshire-based Persimmon said the lack of cheap mortgages and a fall in consumer confidence had resulted in a loss of business.
Builders sitting on a mass of unsold development land?
Question: How does this business model work them?
Posted by rental john @ 11:10 AM (186 views) Add Comment
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