The boss of housebuilder Crest Nicholson has predicted the recent mortgage rate volatility will calm and may have reached its peak, but he warned customer demand and confidence could cool if interest rates continue to rise.
Peter Truscott’s comments came as the FTSE 250 company published first half results that pointed to good underlying demand and a bullish stance on land buying, but that also showed sales tumbled by more than a fifth as challenging market conditions hit.
