13 October 2022 - trading update
The leading housebuilder has issued a trading update covering the period 1 July to 9 October which has confirmed a slowdown in the housing market. Private reservations are below the same period last year as concerns over the cost of living begin to have an impact whilst the sharp rise in the mortgage rate has also adversely affected interest. Private reservations per site have dropped to 0.55 per week from 0.85 in the same period last year. The company believes that it remains on track for pre-tax profits for the year of . . .
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