Housing industry: Metricon to cut staff by 9 per cent, home building confidence weakens - The Australian Financial Review

The company that expanded rapidly thanks to HomeBuilder and other stimulus programs is now suffering a huge hangover.

Demand is weakening across the board. New mortgage lending shrank at the fastest pace in more than two years in June, according to separate official figures published this week. The PCI, published by… [+2194 chars]

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