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

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 PLC784.00 GBP0.00
Bellway PLC3,710.00 GBP0.00
Berkeley Group Holdings (The) PLC4,610.00 GBP0.00
Countryside Properties PLC544.00 GBP0.00
JPM UK Equity Core E Net Acc3.97 GBP0.51
Man GLG Undervalued Assets Profl Acc C162.20 GBP0.12
Persimmon PLC3,201.00 GBP0.00
Redrow PLC675.40 GBP0.00
Taylor Wimpey PLC190.95 GBP0.00

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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