Crest Nicholson warns of annual loss as UK housing market stays subdued

Crest Nicholson issued an unscheduled trading update, cutting its home completion forecast to 1,350-1,400 for FY2026 and warning of a surprise annual loss, citing a subdued UK property market. The guidance cut signals continued weakness in UK housing demand, which may weigh on broader construction and consumer sentiment. The company's warning is a company-specific earnings miss but also a data point on UK housing market softness.