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. Ted Ayres, Bellway’s CEO, said: "Robust market conditions, together with a clear operational focus, is enabling Bellway to continue increasing its contribution to the supply of much needed new homes." Bellway's shares rose 4.4% to 2,976p, while Redrow gained 2.7% to reach 562p.