Almost £1bn was knocked off the value of the UK’s listed housebuilders yesterday, amid the first signs that demand for new homes is falling, and fast.
Barratt Homes said yesterday that it was selling an average of 0.48 homes per week at its sites, a 44% drop from this time last year and 20% below July and August’s figures.
Barratt shares dropped 5.1%, while Persimmon fell 6.2% and Crest Nicholson slumped 6.6%.
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Including:
Knight Frank sees continued positive sentiment towards the sector
Retailer has vacated the store and moved to the Bullring
As his first solo venture launches, Schama wants to redefine hospitality advisory
Retention rate is significantly ahead of underwrite assumption
