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Housebuilders Have A Few Problems

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Traders said delayed reaction to Wednesday’s news that one member of the Bank of England’s monetary policy committee had voted for a rate rise in May was behind the losses in Persimmon, off 4.4 per cent at £11.48, Taylor Woodrow, down 5.6 per cent at 320¼p, and George Wimpey, 4.3 per cent cheaper at 436½p. They also noted similar worries had hit housebuilding stocks in the US.

Elsewhere in the sector, Crest Nicholson fell 3.2 per cent to 482¾p on fears that recent share price weakness could trigger margin calls and forced selling.


Wait until the August 2004 delay hits them!!!!!

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Taylor Woodrow

Take a look at Taylor Woodrow. Two thirds of their 12 months gain now wiped out.

Still 8.5% up on 12 months ago but compared with the FTSE100 up about 15% in the same time.

TW are a huge builder, but only by taking over two volume builders in the last few years

During a boom, all housebuilders make lots of profit, its only when the market slows the cracks (if any) begin to show

Next phase IMO will be a lot of blatant price cutting (as oppossed to 'incentives')

That may have a major effect on local pricing

Last boom Persimmon were a northern builder, now they are the first housebuilder in the FTSE 100

That will certainly be 'different from last time' - I have no idea how significant this will be, but it is certainly a new factor

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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