Tip:
Highlight text to annotate it
X
Deloitte published its biannual Residential Crane Survey on the outlook for the UK housing
market. The firm found that the new recession is already taking its toll on the homebuilding
industry. The country slipped into a double-dip recession two months ago, but the impact on
homebuilders is already profound.
Homebuilders in the London area are having a particularly difficult time. Deloitte researcher
Anthony Duggan said it is still too early to call the slowdown in the housing market
a trend. However, the effect on contractors is clear and likely to extend through the
duration of the new economic slowdown.
For the complete article, please go to Big4.com