Tension mounts
Series: Building ; 21 March 2003, 55-56(2)Publication details: 2003Subject(s): Summary: Examines what the housebuilding industry is doing to protect itself against a possible downturn in the economy. Reflects that the sector is vulnerable to any recession after the events of the early 1990s when it was the sector hardest hit. Describes how some businesses such as Taylor Woodrow are selling houses well ahead of their completion date for a greater guarantee of future turnover and profit. Housebuilders are also looking to reduce debt which would maintain strong cash flow as housing inflation falls to about 5%. Argues that the industry has learned the lessons of the 1990s and is now better able to survive the probable downturn.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66526 (Browse shelf(Opens below)) | 1 | Available | 121800-1001 |
Examines what the housebuilding industry is doing to protect itself against a possible downturn in the economy. Reflects that the sector is vulnerable to any recession after the events of the early 1990s when it was the sector hardest hit. Describes how some businesses such as Taylor Woodrow are selling houses well ahead of their completion date for a greater guarantee of future turnover and profit. Housebuilders are also looking to reduce debt which would maintain strong cash flow as housing inflation falls to about 5%. Argues that the industry has learned the lessons of the 1990s and is now better able to survive the probable downturn.