Tag: Persimmon
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UK Housebuilding Hits a Rough Patch Amid Economic Pressures
In recent months, the UK’s construction sector, particularly housebuilding, has been experiencing a downward trend that hasn’t been this pronounced since the height of the Covid-19 pandemic. This is a development of particular interest to those invested in property or considering it, as it highlights the intricate connections between borrowing costs, demand for new homes,…
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Government Won’t be Helping House Prices
Experts predict delay in real-terms growth in property prices, with government unlikely to intervene to boost prices in upcoming Autumn Statement Property prices in the UK are expected to experience real-terms growth in two or more years, as higher mortgage rates and cost of living pressures continue to drive down property values. The latest data…
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High Interest Rates Could Hit Housebuilder Shares
The UK housebuilding industry is facing a challenging time as higher mortgage rates put pressure on the market for new homes. This has led to concerns that profits will decline, leading to potential job cuts and reduced dividend payouts. Crest Nicholson is the latest company to issue a profit warning, expecting its pre-tax profits to…
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Housebuilders’ Shares Fall
UK housebuilders’ shares have fallen after a profit warning from Crest Nicholson and data revealing the fastest drop in asking prices in five years. Taylor Wimpey led the FTSE 100 fallers, down 3%, while Persimmon, Berkeley, and Barratt were down about 2%, and Rightmove fell 1%. Crest Nicholson, which warned that it expected to make…
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Are Housebuilder Shares a Good Buy?
Some experts argue that this is a good time to buy shares in UK housebuilding companies, even though their short-term prospects look bleak. In Layman’s Terms: Housebuilding companies are facing tough times due to increased costs and political decisions. However, they have shown they can handle challenges and are in a better position now than…
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Persimmon – Housebuilder Says it Will Hit Targets
The housebuilding company Persimmon saw its shares rise after it announced it expects to hit the targets it set for this year, despite a tough market. Their share price added 25p, making it worth 1148.5p per share. Homes & Prices What’s the company leader saying? Dean Finch, the chief exec of Persimmon, says there aren’t…