September 19, 2024

Housebuilder issues profit warning as interest rate cut delay hits market demand

 Housebuilder issues profit warning as interest rate cut delay hits market demand

Housebuilder issues profit warning as interest rate cut delay hits market demand

Demand in the housing market tailed off last month as hopes of a Bank of England rate cut faded, according to an industry report released just hours before a major housebuilder issued a profit warning.