U.K. Homebuilders Reach Pre-Brexit Level as Fear Seen OverdoneBy
FTSE 350 Household Goods & Home Construction Index rebounds
‘It’s been a nice dip to buy into’: London Capital’s Lawler
A builder uses a nail gun on roof timbers at a construction site in Weston-Super-Mare, U.K.
Photographer: Chris Ratcliffe/Bloomberg
Looking at U.K. homebuilding shares this week, you might think the Brexit vote never happened.
More than seven months after the country voted to leave the European Union, the stocks on Wednesday closed above the level last seen before the decision. Investor concern that Britain would face economic disaster sent those shares plunging 14 percent in the two days following the referendum. Since then, investors have realized the concerns were overblown, analysts said…
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