Inland Homes blames rising construction costs for losses

Inland Homes is predicting a pre-tax loss of £37.1m for the year to September 30 2022 with rising construction costs and delayed land sales getting the blame.
The house builder is now conducting a strategic review of the business led by financial advisors Lazard & Co following a gloomy trading update this morning.
It said project margins at the contract income division which delivers partnership housing and the house building division have “not been satisfactory for some time.&rd