Shares in Persimmon, one of the country’s top housebuilders, tumbled by 12% last week after it said it was “slashing” construction, says Archie Mitchell in the Daily Mail. The group warned that if “headwinds” such as higher mortgage rates and the cost-of-living crisis endure, it “will build as
The housebuilding bust
Mar 10, 2023
2 minutes
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