How much has the recession cost house builders? um…
During a conversation with a colleague on the recent spate of cash calls by house builders I was quizzed on how much damage the recession had done to their balance sheets. I made a stab (a lucky guess as it turned out), but I should have had a number at my figure tips. I waffled while I grabbed a calculator and tapped in some very rough and ready numbers. Well have a guess how much that bit of number crunching…