UK Homebuilder Bellway to Cut Jobs as Pricey Mortgages Sap Sales
The developer said it was taking steps to reduce headcount across the firm as it navigates a housing slump and an uncertain economic outlook, Bellway said in a statement Wednesday. The homebuilder said its weekly reservation rate had dropped by 28% in the year through July compared with the previous year, a sign of declining demand for its homes.
https://www.bloomberg.com/news/artic...rope#xj4y7vzkg
- Bellway to cut jobs after slump in home reservations this year
- Housing market is under pressure from spiraling mortgage costs
The developer said it was taking steps to reduce headcount across the firm as it navigates a housing slump and an uncertain economic outlook, Bellway said in a statement Wednesday. The homebuilder said its weekly reservation rate had dropped by 28% in the year through July compared with the previous year, a sign of declining demand for its homes.
https://www.bloomberg.com/news/artic...rope#xj4y7vzkg
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