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U.K. Homebuilding Won?t Match Peak for 10 Years, Miller Says

By Implode-Explode Heavy Industries

"?If you look at the last two or three major recessions, housing numbers never grew after the recession at a faster rate than 8 to 10 percent per year,? Keith Miller, chief executive officer and owner of 28 percent of the company, said in an interview today. ?It would therefore take us 10 years to get back to where we were.?"

Full post as published by Mortgage Lender Implode-o-Meter on March 17, 2010 (boomark / email).