Tuesday, Feb 24, 2009
Poor Returns in Housebuilding
Times: Redrow house sales halve as downturn deepens
"Redrow added to the gloom surrounding the housing market this morning after revealing that sales of its houses halved in the last six months of 2008. The number of completed house sales in the period was 1,042, down from 2,111 over the final six months of 2007".
Posted by alan @ 08:32 AM (261 views) Add Comment
1 Comment
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1. Bighandsoliverkahn said...
New build houses are built by companies trying to maximise their profits. As a result, they have walls so thin, you can hear the whole family in every room around the house no matter where you are. For that reason, it's irrelevant how much new housing gets built, I wouldn't buy anything post-1985.