Friday, Sep 03, 2010
New homes data spell declining market
FT: New homes data spell declining market
The nascent recovery in the house building market appears to have ground to a halt as a leading industry survey, which measures the number of people reserving new homes to buy, dropped to its lowest level on record. The survey, conducted weekly by the Home Builders Federation, is for internal use only and is regarded by the industry as the best guide to housing demand. But its latest report, seen by the Financial Times, shows that deposits on new properties have dropped below those recorded in 2008, the nadir of the market.
The HBF declined to comment. The chief executive of one of the UK’s largest housebuilders said the data were “worrying, highly significant and consistent with a falling market”....
Posted by shoebox @ 11:41 PM (187 views) Add Comment
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