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Debate House Prices
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Is the worst over for builders.
Really2
Posts: 12,397 Forumite
Having checked over many building shares today most now seem to be at 52 week highs.
Some are trading over 10X their lows. (Some we looking at going bump so obviously the lows reflected that)
So are the markets now telling us the builders are way past their worst and will be growing again from now on?
Some are trading over 10X their lows. (Some we looking at going bump so obviously the lows reflected that)
So are the markets now telling us the builders are way past their worst and will be growing again from now on?
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Comments
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Having checked over many building shares today most now seem to be at 52 week highs.
Some are trading over 10X their lows. (Some we looking at going bump so obviously the lows reflected that)
So are the markets now telling us the builders are way past their worst and will be growing again from now on?
Yes.
And as so many point out over on hpc, the builder stocks are a decent leading indicator of house prices.
So whilst I expect some softening in prices of both over winter, the worst is behind us without a doubt.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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