
But then again not all UK builders are having problems.
Bellway is a major residential builder in the UK, aside from the Brexit vote blip it is doing really well.
Quote:
The housebuilding companies keep posting stunning results and today’s full-year figures from FTSE 250 firm Bellway (LSE: BWY) are no exception. Compared to a year ago, revenue lifted a little over 14% and earnings per share almost grew 13%. The directors expressed their ongoing confidence in the outlook by pushing the dividend 13% higher.
It seems there’s no end to the demand for new housing and nothing much on the economic horizon to threaten that situation. The Bank of England warns that base interest rates are set to rise, but no one expects them to hit double-digits soon, so new houses look set to remain within the borrowing capabilities of many.
https://www.fool.co.uk/investing/2017/10/17/forget-the-ftse-100-these-mid-caps-could-make-you-rich/