Shares in housebuilders recover from depths of covid slump

By Joey Gardiner2020-05-21T05:00:00

Stocks of listed firms fell by an average of 41% as pandemic ravaged sector

Housebuilder share prices have soared by an average of 36% since the lows experienced at the start of the coronavirus lockdown, according to new data.

An analysis of 11 listed housebuilders by stock broker Cenkos has revealed both the extent of the damage to share prices inflicted across the housebuilding sector during lockdown, as well the extent of the subsequent recovery sites housebuidlers started returning to sites.

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