Tuesday, July 05, 2005

More UK Housing News

If the UK housing market is hitting a soft patch, then the US probably will too.

"Housebuilder George Wimpey has warned that its profits will be cut by a "considerable softening" in the UK housing market.

Wimpey said profits for the six months to 3 July would be "well below" the record levels enjoyed at the same time last year, with UK sales down 17.5%."



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