Stock market analysts believe that a combination of the Help to Buy scheme and the recent news that a new Garden City will be built has boosted confidence in the house builder.
Barratt Developments are behind the first phase of new homes built in Ebbsfleet Garden Village. Barratt’s sub-brand, Ward Homes, is building 150 houses in the Castle Hill development on the east side of the Eastern Quarry development.
Barratt are not alone in stock price rises today; Land Securities, which owns much of the land in the new Ebbsfleet Garden Village saw its share price rise by 1.45% to 1049 pence; and Taylor Wimpey Plc. had a strong day in the markets, with its stock price increasing by 2.07 per cent to 118.20 pence.
Both Taylor Wimpey and Barratt Developments are in line to enter the FTSE100, if today’s market news is a sign of a recovery in the housing sector then both may be able to get a spot in the FTSE100.