New home sales increase despite interest rate hike

Feb. 1, 2007
Sales of new homes at the industry’s bigger players rose steadily last year with most confident about the future despite a recent interest rate rise. Crest Nicholson was the first housebuilder to post results and sold 2,946 homes last year – up from 2,417 in the previous year. Stephen Stone, chief executive of Crest, which is being pursued for a …

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