13 July 2023 - trading update
The trading update from the leading UK housebuilder has confirmed that conditions in the UK house building market remain tough. Increasing mortgage rates and the end of Help-to-Buy have reduced demand for new homes with the number of first time buyers falling sharply. Although the company will achieve its forecast results for the year that ended last month, the new year is set to see a decline in fortunes as a result of these factors. The company expects to reduce the number of houses it builds to around 13,750 from 17,200 . . .
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