Friday, June 20, 2008

Housebuilding industry in huge crisis

Housebuilding industry in crisis

Britain's housebuilders are looking more rickety than a plywood garage in a gale. One more gust, and one or two might actually not be worth anything at all to shareholders. Yet house prices have only just begun to fall. For the industry, this is the biggest crisis in two decades, and it will get much worse before it gets better

Posted by housebear @ 09:30 AM (480 views)
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