Mortgage constraints & economic uncertainty bedevil new housing market

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Mortgage constraints & economic uncertainty bedevil new housing market

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07-15-2010, 11:28 AM

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Mortgage constraints & economic uncertainty bedevil new housing market

Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period.Private completions fell to 9,455, compared with 11,133 in 2008/09; social housing completions stood at 1,870 as against 2,069 and joint ventures were down from 75 to 52.However, the developer’s cancellation rate settled out [...]

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