the housebuilders9 Feb 2018 08:12
should never have got the caning they got yesterday given the fundamentals. A small rise in rates is not going to have an impact esp as it is in result of stronger economic growth and rising wages. true the builders are out of favour with the public and markets because what publicity we have has been negative. Shoddy workmanship, shabby leasehold deals and excessive boardroom pay out of touch with reality. From an investors perspective the sector has gone nowhere over the last 12 months.