Crest Nicholson cuts sales guidance amid tough housing market
Berenberg’s Harry Goad said Crest Nicholson remains under pressure and reduced sales guidance to 1,350-1,400 units, citing continuing build-cost inflation and weak customer demand.
Crest Nicholson remains under pressure as challenging market dynamics persist, Berenberg analyst Harry Goad says in a note.
The home builder reduced sales guidance to a range of 1,350-1,400 units, implying a 17% to 20% decline year on year, and cited continuing build-cost inflation and weak custome…