Thursday, Aug 21, 2008

A much grimmer view of the construction industry than even just a month ago

Sky news: House Sales Drought Hits Firms

Another building firm gets further in the doo-doo as it appears there isn't a shortage of housing after all (nobody seems to want to buy theirs). Having already pulled out of it's partnership with the guv'mint to build an 'Eco town' they look set to start actually losing money soon as profits are already down 70% and we've only just fallen into the chasm!

Posted by nooneo @ 01:21 AM (209 views) Add Comment

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