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Woodrow- Wimpey Issue Joint Statement On Slowing Market

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Woodrow and Wimpey warn of slowdown
By Ben Bland
Last Updated: 1:03am BST 28/06/2007
Housebuilders Taylor Woodrow and George Wimpey, which are due to complete their £5bn merger next week, have warned that the UK housing market will be
"less buoyant"
as successive interest rate rises weigh on house buyers.
House construction: Merging firms warn of housing slowdown
Taylor Woodrow said it was confident in its ability to recover from its US difficulties
The companies, which will be known as Taylor Wimpey from next week, said the US housing market remained "very challenging", adding to fears that weaker demand for new homes in America could indicate the
start of a global slowdown.

When the big boys in the industry are worried its over.

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