Hobson: Not All Housebuilder Stocks are Equal

THE WEEK: Morningstar columnist Rodney Hobson reflects on the housebuilder sector - and how fortunes are divided among the stocks

Rodney Hobson 19 October, 2018 | 9:13AM

Housebuilding housebuilder house home stocks UK equities

There’s always a danger in assuming that if most companies in a sector are doing well, all of them must be performing likewise. Crest Nicholson (CRST) is a clear example of being in the wrong place at the wrong time.

The housebuilding market is still thriving despite fears that Brexit will cause an outflow of people, upward pressure on wages for skilled workers and the tax assault on buy-to-let. Potential demand continues to outstrip supply.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barratt Developments PLC863.20 GBX-0.02
Bellway PLC4,297.00 GBX0.73
Crest Nicholson Holdings PLC518.00 GBX0.39
Merlin Entertainments PLC  

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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