House builders - Boom boom boom

[hyperD]

We'd all be unemployed, looking at 15% interest rates and awaiting the quantitative easing.

FTFY

[Halo Jones]

What they did not mention is that they only built a fraction of the homes compared to past years

[alreadypacked]

"Net debt has been slashed from £1.87 biliion a year ago to £860 million"

See they are really doing well, what else can they say

[AtW]

This would never had happened under the Tories. We'd all be unemployed, looking at 15% interest rates and awaiting the bailiffs.

bailout

[DimPrawn]

http://business.timesonline.co.uk/to...cle6902487.ece

Taylor Wimpey, the housebuilder, said market conditions had improved so much that it had already sold all of its stock of homes for 2009 and was looking forward to raising prices on houses to be sold next year.

The upbeat statement mirrored rival, Redrow, which said that it expected its average prices to start increasing soon. Yesterday, Halifax said that house prices rose by 1.2 per cent in October to an average £165,528.

Taylor Wimpey said: "Our sales focus remains on achieving price increases as we build our 2010 order book."

The company's selling price for private homes rose 9 per cent from the £163,000 price achieved in the first half, helped by deliberately raising the proportion of houses to flats it sells as well as price inflation.



This would never had happened under the Tories. We'd all be unemployed, looking at 15% interest rates and awaiting the bailiffs.