RE: P/E ratios17 Jan 2020 09:39
The market has valued homebuilders on a very low basis for decades it is not a recent occurrence
Difficult to see that changing in the future.expect to see margins gently retreat from the high levels achieved in recent years but still very sensible earnings
Cheap mortgages.good demand.realistic land prices.HTB.low debt .moderating labour and material cost inflation.all supportive.Macro international situation both economic and political somewhat difficult though