Sharewatch Housebuilders hold their breath until the spring sales

摘要

After a horrendous start to 2008 for housebuilders, which saw more than 10 of their value wiped out in three days, things could only get better. And sure enough by Monday this week the sector had recouped two-thirds of its loss. Persimmon led the fightback and by Tuesday was 13 up on the week. Meanwhile Bovis Homres rose 12 and Redraw had jumped 6. Even Taylor Wimpey was edging north on Tuesday, hours after announcing a 20 drop in UK orders.