Housebuilder Stocks Rally 20%

Shares in housebuilders Taylor Whimpey, Persimmon, Barratt Developments, Berkeley are all up at least 20% year to date - are there still profits to be made?

Karen Kwok 25 April, 2017 | 3:38PM
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Housebuilder stocks Taylor Whimpey, Persimmon, Barratt Developments, Berkeley are all up at least 20% year to date – despite London house prices posting their largest annual drop in eight years this month.

UK housebuilders are among the best performing stocks in FTSE 100 year to date, as property prices outside of the capital have rallied and confidence in the housing market improves.

Following the EU Referendum result, the Halifax Housing Market Confidence Tracker saw the steepest fall since the tracker began, said Martin Ellis, Halifax housing economist. However, this month the survey showed a small improvement to +44, suggesting that consumer confidence in the housing market is finding a new normal.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barratt Developments PLC669.23 GBP-1.82
Bellway PLC3,337.49 GBP-2.07
Berkeley Group Holdings (The) PLC4,437.74 GBP-1.27
Countryside Properties PLC514.50 GBP0.00
JPM UK Equity Core E Net Acc4.09 GBP-0.58Rating
Man GLG Undervalued Assets Profl Acc C166.50 GBP0.24Rating
Persimmon PLC2,747.00 GBP0.00
Redrow PLC693.60 GBP0.00
Taylor Wimpey PLC165.50 GBP0.00

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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