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Will housebuilders continue to outperform expectations?

The surge in demand ahead of the end of the stamp duty break and new help-to-buy restrictions has boosted completions and cash balances across the sector
Will housebuilders continue to outperform expectations?
  • Analysts increase earnings forecasts for Barratt, Bellway and Redrow this year
  • However, broader market uncertainty could derail the pace of recovery

Analysts upgraded earnings forecasts for a trio of major housebuilders after they reported a sharp recovery in completions since the summer and strong reservation rates. 

Barratt Developments (BDEV), Bellway (BWY) and Redrow (RDW) attributed record levels of completions to the stamp duty break and a higher level of work in progress following the first lockdown in March. 

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