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TheCountOfNowhere

Builders Share Prices

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After being trumpted a day or so ago as driving the FTSE to a 14 year high we see big drops today of 4/5 % at present for some of the big boys.

What's occurring ?

has someone noticed their prices are too high and no one's going to buy them now that MMR has hit ?

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It's been proved that you can't actually fit a human being inside any of the stuff they're building.

I'm amazed anyone is buying from them. Would you pay Mercedes prices for a Kia ?

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Just come across these gems:

http://citywire.co.uk/money/house-builders-have-further-to-go-says-mercantile/a743919

"House builders are not yet near the top of their cycle, says Guy Anderson, co-manager of the Mercantile investment trust."

http://www.ft.com/cms/s/0/a90c3a3c-da73-11e3-a448-00144feabdc0.html#axzz31sVx1EtE

"

Housebuilders hit top of London’s indices"

And my favourite from Feb:

http://www.ibtimes.co.uk/share-prices-uks-biggest-house-builders-soar-amid-housing-recovery-1437277

Share Prices of UK's Biggest House Builders Soar Amid Housing Recovery

So now they are falling what does that mean for the housing recovery ?

Caveat Emptor.


Edited by TheCountOfNowhere

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Perhaps they have realized lending on tiny new build ghetto houses is not such a secure investment- hence the need for government intervention.

IMO banks would be much better off if the government planning allowed for spacious new builds, as they will hold their value better than the tiny cramped Barrets slave boxes which sit on tiny plots. After all it's the land that holds it's valud not the bricks n windows.

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Perhaps they have realized lending on tiny new build ghetto houses is not such a secure investment- hence the need for government intervention.

IMO banks would be much better off if the government planning allowed for spacious new builds, as they will hold their value better than the tiny cramped Barrets slave boxes which sit on tiny plots. After all it's the land that holds it's valud not the bricks n windows.

It shoudl be noted that if you'd invested in new build builders shares in 2009 instead of buying a house you'd have trippled your money.

Buying REALY IS..... DEAD money.

Edited by TheCountOfNowhere

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About time the big house builders cut back on building and land bank a bit more then to push up prices. After all, the building levels are only 5% above 100 year lows.

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After being trumpted a day or so ago as driving the FTSE to a 14 year high we see big drops today of 4/5 % at present for some of the big boys.

What's occurring ?

has someone noticed their prices are too high and no one's going to buy them now that MMR has hit ?

...compliant mortgage approvals , which means less ...and if you take the flame away from the bottom of the fire ...it will eventually burn out...maybe investors are reading signs....

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I don't know why they are called housebuilders as most of their profit is derived from land value rather than construction, and continuing the shortage by not building only increases it's value.

Builders should build houses not speculate on land.

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