Investors Worries Rise over Falling Housebuilder Stocks

Housebuilder stocks top the most looked up stocks among readers as they struggles in the wake of a Brexit vote

Karen Kwok 8 July, 2016 | 4:03PM
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Housebuilder stocks fell dramatically in the wake of the Brexit result, and, according to the latest Halifax house price index, so did the growth of residential property prices.

The Halifax data revealed that house prices in the three months to June were 1.2% higher than in the previous quarter, down from 1.5% in May. The annual rate of house prices growth dropped from 9.2% in May to 8.4%, the lowest since July 2015.

“House prices continue to increase, albeit at a slower rate, but this precedes the EU referendum result, therefore it is far too early to determine any impact since,” Martin Ellis, Halifax housing economist said.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Aviva PLC399.70 GBX0.43Rating
Barclays PLC197.82 GBX1.76Rating
BP PLC363.60 GBX1.65Rating
GlaxoSmithKline PLC1,399.60 GBX-0.16Rating
HSBC Holdings PLC434.20 GBX1.92Rating
Legal & General Group PLC279.10 GBX-0.85
Lloyds Banking Group PLC49.12 GBX1.39Rating
Royal Dutch Shell PLC B1,795.00 GBX1.93Rating
Taylor Wimpey PLC157.20 GBX1.22
Vodafone Group PLC110.44 GBX-0.61Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for