Financial Times FT.com

Builders move quickly to adapt to new market

By Stanley Pignal

Published: August 11 2008 23:29 | Last updated: August 11 2008 23:29

After one of the most torrid spring selling seasons on record, housebuilders are using their moment out of the spotlight to adapt their businesses to the changed market conditions.

Amid the traditionally quiet summer months – sales always slow down over the holiday period and most companies are bound to silence in anticipation of their upcoming interim results – builders have found their first opportunity to consider long-term options.

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