The UK’s listed housebuilders all saw their share prices fall today after Taylor Wimpey forecast a dent in revenue caused by a 40% drop in new home completions.
The firm was the top faller in the FTSE 100, seeing its share price drop by 8.09% to 122.20p.
Barratt Developments’s share price declined by 2.74% to 526.2p, Berkeley Group fell by 1.53% to 4,622p, and Bellway was down 4.19% to 2,650p. Crest Nicholson’s share price dropped by 3.3% to 199.2p and Persimmon’s by 2.25% to 2,479p.
Other fallers in the real estate sector included LSL Property Services, down 4.15% to 196.5p, and Hammerson, down 3.59% to 64.46p.
Meanwhile, Landsec edged into the FTSE 100’s top risers with a 2.04% increase to 561p. British Land was up by 2% to 362.4p.
Overall, the FTSE 100 nudged up by 0.12% to just over 6,136 points, while the FTSE 250 was down by 0.18% to 17,247 points.
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