RICS: Bovis profit warning

Commenting on Bovis profit warning, published today, James Rowlands, RICS public policy officer said: Further bad news from housebuilders shows the impact the credit crunch is having on people who want to buy homes but are no longer able to get a mortgage. It is good news that Bovis will continue to develop new housing based on local market conditions but this may not be enough to maintain current total housebuilding levels. As we see the impact of current housing market conditions on the activity of housebuilders the Government's target of building 240,000 new homes each year is slipping even further out of reach.