Housebuilder shares were in retreat yesterday after Royal Bank of Scotland reminded investors of the headwinds buffeting the sector.
Barratt Developments was marked down by 3.75p to 97.55p, while Persimmon lost 13.5p to 356.2p and Bellway close at 579.5p, down 3.5p.
Housing stocks have been weighed down by worries about the broader economy, with sellers seizing on concerns over the withdrawal of stimulus measures, the looming fiscal squeeze, planning difficulties and the trajectory of consumer demand. These worries are likely to persist for some time, according to RBS.
Separately, the UK Commercial Property Trust was down 3.4p to 76.1p. An ex-dividend stock, it weakened because investors moved out.
29/07/10 Times 40
Independent 40
