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UK homebuilders fall after budget lacks clarity on first-time buyer plan

By Reuters News15:41 (UTC), 28 October 2026 Updated

** Shares of British homebuilders fall after lacks of clarity in Labour government's budget on much-awaited scheme for first-time homebuyers

** Timeline of finance minister John Healey's 'Your First Home' scheme looks later than ideal and could miss the start of the crucial spring selling season, analysts say

** Homebuilders sector index .FTNMX402020 fell nearly 6% after the budget speech

** Analysts also said the 4% fee to be paid by developers on more than 250 homes sold was higher than expectations of a nominal fee of around 1%

** Barratt Redrow, BTRW.L, Taylor Wimpey TW.L, Persimmon PSN.L and Crest Nicholson CRST.L were all down 7%

** Vistry VTYV.L fell 4%, while MJ Gleeson GLEG.L was flat

** YTD, BTRW had fallen ~17%, TW had fallen ~26%, PSN had fallen ~9%, VTYV had fallen ~58%, GLEG had fallen ~30%

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