U.K. Housebuilders Rally After Crest Nicholson Reports Spring Sales Surge -- Market Talk

Dow Jones03-25 17:15

0915 GMT - Shares in U.K. housebuilders rise after Crest Nicholson reported improved sales rates since January and reiterated guidance for the year. The company noted that while macroeconomic pressures have yet to leave a mark on business, it remains alert to any shifts in the market landscape. Still, at around 110 pence, it is trading at just 0.35 times its 2026 book value, a steep discount to the broader housebuilding sector's 0.63 average, suggesting that investors might be wary of the housebuilder's specific recovery prospects, RBC Capital Markets analysts say in a note. Crest Nicholson Shares are up 11%, followed by Bellway, Vistry and Taylor Wimpey, up 4%, 3.5% and 2.7%, respectively. (anthony.orunagoriainoff@dowjones.com)

 

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March 25, 2026 05:15 ET (09:15 GMT)

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