As the prospect of an imminent rise in interest rates draws nearer, so the City is turning increasingly gloomy about the growth prospects for the big housebuilders. This in turn is dragging down their share prices and putting them on profit to earnings multiples of less than eight times.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts