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Barratt is latest builder to be hit by housing market slowdown

Barratt Developments, Britain�s second-biggest housebuilder by volume, reported yesterday that full-year profits fell by 71% as the year-long credit crunch depressed sales in the second half and warned it sees no improvement in the market in coming months.

Barratt Developments, Britain's second-biggest housebuilder by volume, reported yesterday that full-year profits fell by 71% as the year-long credit crunch depressed sales in the second half and warned it sees no improvement in the market in coming months.