U.K. Home Builders Slide on Bellway Guidance, Green Housing Push -- Market Talk

Dow Jones03-24

1133 GMT - Shares in U.K. home builders fall after Bellway cut its guidance and the government announced a raft of measures to make new homes more environmentally friendly. Bellway expects lower margins than forecast earlier this year as economic uncertainty from the Middle East conflict weighs on demand and increases building costs--factors that will hurt all house builders. Meanwhile, developers will need to install solar panels and heat pumps in new homes under new government measures. "The detail of the planned rules appears to have unsettled housebuilders," Wealth Club's Jo Thorne says. Bellway shares fall 11%, while Crest Nicholson is down 5.7%. Taylor Wimpey and Barratt Redrow fall 2.2% and 1.1%, respectively.(josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

March 24, 2026 07:35 ET (11:35 GMT)

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