Yesterday’s Autumn Statement appears to be: good for 'alternative' housing providers, UK-focused contractors and materials producers; potentially problematic for mainstream housebuilders; and bad news especially for lettings-dominated agents. Chancellor Philip Hammond’s key spending measures included an additional £3.7bn funding to boost new housing volumes and £1.1bn for roads. Shares in estate agents, however, have fallen in response to the threat to ban them from ch
24 Nov 2016
Chill for agents, spring in housing volumes
Kier Group plc (KIE:LON), 132 | Forterra Plc (FORT:LON), 160 | Foxtons Group Plc (FOXT:LON), 55.3 | M Winkworth plc (WINK:LON), 175 | Costain Group PLC (COST:LON), 83.6 | Galliford Try Holdings PLC (GFRD:LON), 246
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Chill for agents, spring in housing volumes
Kier Group plc (KIE:LON), 132 | Forterra Plc (FORT:LON), 160 | Foxtons Group Plc (FOXT:LON), 55.3 | M Winkworth plc (WINK:LON), 175 | Costain Group PLC (COST:LON), 83.6 | Galliford Try Holdings PLC (GFRD:LON), 246
- Published:
24 Nov 2016 -
Author:
Alastair Stewart -
Pages:
4
Yesterday’s Autumn Statement appears to be: good for 'alternative' housing providers, UK-focused contractors and materials producers; potentially problematic for mainstream housebuilders; and bad news especially for lettings-dominated agents. Chancellor Philip Hammond’s key spending measures included an additional £3.7bn funding to boost new housing volumes and £1.1bn for roads. Shares in estate agents, however, have fallen in response to the threat to ban them from ch