Investors Worries Rise over Falling Housebuilder Stocks

Housebuilder stocks top the most looked up stocks among Morningstar.co.uk 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
Rating
Aviva PLC413.20 GBP0.00Rating
Barclays PLC185.46 GBP0.00Rating
BP PLC315.70 GBP0.00Rating
GlaxoSmithKline PLC1,351.80 GBP0.00Rating
HSBC Holdings PLC454.40 GBP0.00Rating
Legal & General Group PLC288.40 GBP0.00
Lloyds Banking Group PLC47.85 GBP0.00Rating
Royal Dutch Shell PLC B1,364.20 GBP0.00Rating
Taylor Wimpey PLC181.05 GBP0.00
Vodafone Group PLC142.42 GBP0.00Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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