Housebuilder shares rise on ‘surprise’ house price spike

By Joey Gardiner2021-09-01T09:08:00

Nationwide reports that prices rose 2.1% in August following a decline in July

Shares in housebuilders rose this morning after the Nationwide reported an unexpected spike in house price in August.

The data, which comes after multiple surveys appearing to show gently flattening housing market activity, saw the value of listed housebuilders rise by as much as 1.3% as the stock market rebounded on the news.

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