Mould added: “If the builders keep delivering strong earnings and cash flows their shares should respond, supporting the view of those investors who argue that Brexit fears are overdone The snap UK general election doesn't appear to have affected confidence in the housebuilding sector, with reassuring figures among the first post-election trading updates. Construction companies are expected to report a rise of just 0.1% on Thursday, while construction equipment and services firms will see their orders fall by 0.4%. Bellway's shares rose 4.4% to 2,976p, while Redrow gained 2.7% to reach 562p.
The snap UK general election doesn't appear to have affected confidence in the housebuilding sector, with reassuring figures among the first post-election trading updates. Construction companies are expected to report a rise of just 0.1% on Thursday, while construction equipment and services firms will see their orders fall by 0.4%. Bellway's shares rose 4.4% to 2,976p, while Redrow gained 2.7% to reach 562p.