Shares in housebuilders rise to prime of FTSE 100 amid price hike hopes

Sep 20, 2023 at 6:01 PM
Shares in housebuilders rise to prime of FTSE 100 amid price hike hopes

T

he shock drop in inflation in August gave a lift to the nation’s pressured housebuilders on Wednesday as hopes rose that the Bank of England’s rate-hiking cycle may lastly be coming to a detailed.

House-building traders appeared eager on the news, regardless of separate figures from the Office for National Statistics (ONS) which confirmed that the expansion in home costs slowed to simply 0.6% in July when in comparison with a 12 months earlier.