U.K. Home Builders Fall as Government Likely to Miss Home-Building Target
Dow Jones
Sep 14
0920 GMT - Shares in U.K. home builders drop after Housing Secretary Angela Rayner said there is only a "slim chance" that the government will reach its target of building 1.5 million new houses in England before the next general election. Rayner said during an interview on the BBC that Prime Minister Andy Burnham's focus was now on building council houses. The secretary said the target had been affected by "headwinds" including the conflict in the Middle East. Crest Nicholson shares are down 1.9% and Barratt Redrow is down 1.6%. Vistry and Berkeley are both down 0.9%.
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