Summary
RECOVERY is in the air for the UK's biggest housebuilders. But there are fears any improvements for the battered sector could be derailed by the lack of mortgage finance.
This week four of the major builders updated on trading and out this has come a distinctly optimistic assessment of prospects. Bovis is expected to be similarly positive when it reports today.See the full content of this document
Extract
Builders Crave a Mortgage Boom ; City Focus
However, buyers are still not flocking to the market in the numbers needed to spark a full-on recovery.
Figures from the Council of Mortgage Lenders yesterday highlight how far mortgage lending has to improve.There...See the full content of this document
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