2008 Housing Losses Cancel Out Boom Gains

摘要

Losses racked up by housebuilders last year will wipe out profits made at the height of the boom in 2006, writes Tom Bill.rnAccording to data from accountant BDO Stoy Hayward, land writedowns and falling sale prices mean the sector has already made a combined loss of ￡3bn in 2008.rnRichard Kelly, BDO's construction partner, said the figure would rise once Taylor Wimpey and private companies reported their figures, eclipsing the ￡3.9bn operating profit made across the sector in 2006.