{"id":14805,"date":"2017-11-09T20:03:35","date_gmt":"2017-11-09T20:03:35","guid":{"rendered":"http:\/\/www.bnreport.com\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/"},"modified":"2017-11-09T20:03:35","modified_gmt":"2017-11-09T20:03:35","slug":"housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/","title":{"rendered":"Housebuilder shares are falling for the second day in a row: Here’s why"},"content":{"rendered":"

Shares in housebuilders tumbled for the second consecutive day this morning, after a double whammy of bad news from the Royal Institution of Chartered Surveyors (RICS) and housebuilder Redrow<\/a> spooked investors.<\/p>\n

On the FTSE 100<\/a>, Persimmon<\/a> was the biggest faller, dropping 2.6 per cent, but Taylor Wimpey<\/a>, Barratt and Berkeley Group all slid lower.<\/p>\n

On the FTSE 250<\/a>, Redrow fell 4.8 per cent, while Crest Nicholson, Bellway<\/a>, Bovis Homes<\/a> and Countryside all followed suit.<\/p>\n\n\n\n\n\n\n\n
FTSE 100<\/td>\nFTSE 250<\/td>\n<\/tr>\n
Persimmon<\/td>\n-2.6%<\/td>\nRedrow<\/td>\n-4.8%<\/td>\n<\/tr>\n
Taylor Wimpey<\/td>\n-2.4%<\/td>\nCrest Nicholson<\/td>\n-4.7%<\/td>\n<\/tr>\n
Barratt<\/td>\n-2%<\/td>\nBellway<\/td>\n-3.9%<\/td>\n<\/tr>\n
Berkeley Group<\/td>\n-1.3%<\/td>\nBovis Homes<\/td>\n-3.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Read more<\/strong>: UK house prices are up in October \u2013 but that isn't translating into sales<\/a><\/p>\n

Bad news<\/h2>\n

Although housebuilder shares recovered well from their battering following the Brexit vote, analysts have warned of "headwinds" against the housing market.<\/p>\n

After investors were shaken by results from Persimmon, the UK's largest housebuilder by volume, yesterday, this morning's RICS survey delivered another blow, warning the UK's housing market is likely to remain "subdued" in the coming months<\/a>. <\/p>\n

Meanwhile, in an update ahead of its AGM, housebuilder Redrow warned political and economic uncertainty had led to a "slight slow down" in sales over recent weeks. <\/p>\n

Yesterday Shore Capital's Robin Hardy warned of "stiffening headwinds" for housebuilders<\/a> with rising costs and a loss of confidence both affecting the sector. <\/p>\n

Today Chris Beauchamp, chief market analyst at IG, added:<\/p>\n

\n

The only consolation for the industry is that the BoE has effectively scrubbed the idea of further rate rises, which at least reduces worries that mortgage demand will slow too.<\/p>\n<\/blockquote>\n

Read more<\/strong>: Best London commuter towns: How a one hour commute could save you \u00a3500k<\/a><\/p>\n

Confused picture<\/h2>\n

However, Stephen Wasserman, managing director at West One Loans, added: \u201cToday\u2019s RICS figures showing subdued activity are disappointing; however, industry analysis over the past few months has painted a confused picture of the property market, so it is important not to get carried away and assume this flat-lining is a downward trend.<\/p>\n

\n

Political and economic turmoil, alongside the competitive environment and supply vs demand issue, have all contributed to wider market uncertainty in recent months, and this has undoubtedly hindered buyer and investor demand.<\/p>\n<\/blockquote>\n

He added: "While it may take time for the sector to reach its full potential, the market has shown its underlying resilience before, and we are cautiously optimistic that the market will pick up in due course \u2013 especially if the rumoured stamp duty changes for first-time buyers are a topic in this month\u2019s Budget."<\/p>\n

Read more<\/strong>: Ranked: House price predictions for every London borough until 2020<\/a><\/p>\n

Let's block ads!<\/a><\/strong> (Why?)<\/a><\/p>\n

Original Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares in housebuilders tumbled for the second consecutive d..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-14805","post","type-post","status-publish","format-standard","hentry","category-finance"],"yoast_head":"\nHousebuilder shares are falling for the second day in a row: Here's why - Business News Report<\/title>\n<meta name=\"description\" content=\"Shares in housebuilders tumbled for the second consecutive d..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housebuilder shares are falling for the second day in a row: Here's why - Business News Report\" \/>\n<meta property=\"og:description\" content=\"Shares in housebuilders tumbled for the second consecutive d..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-09T20:03:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"50\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Housebuilder shares are falling for the second day in a row: Here’s why\",\"datePublished\":\"2017-11-09T20:03:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/\"},\"wordCount\":458,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/\",\"name\":\"Housebuilder shares are falling for the second day in a row: Here's why - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"datePublished\":\"2017-11-09T20:03:35+00:00\",\"description\":\"Shares in housebuilders tumbled for the second consecutive d..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Housebuilder shares are falling for the second day in a row: Here’s why\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Housebuilder shares are falling for the second day in a row: Here's why - Business News Report","description":"Shares in housebuilders tumbled for the second consecutive d..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/","og_locale":"en_US","og_type":"article","og_title":"Housebuilder shares are falling for the second day in a row: Here's why - Business News Report","og_description":"Shares in housebuilders tumbled for the second consecutive d..","og_url":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2017-11-09T20:03:35+00:00","og_image":[{"width":200,"height":50,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","type":"image\/png"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Housebuilder shares are falling for the second day in a row: Here’s why","datePublished":"2017-11-09T20:03:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/"},"wordCount":458,"commentCount":0,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/","url":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/","name":"Housebuilder shares are falling for the second day in a row: Here's why - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"datePublished":"2017-11-09T20:03:35+00:00","description":"Shares in housebuilders tumbled for the second consecutive d..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/housebuilder-shares-are-falling-for-the-second-day-in-a-row-heres-why\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Housebuilder shares are falling for the second day in a row: Here’s why"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/14805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=14805"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/14805\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=14805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=14805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=14805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}