The recovery for UK housebuilders, a sector that lost about 40% in the days following last year's European Union Referendum, has begun to stall again in the trading sessions since this month's general election.
Investors react badly to political and economic uncertainty and after the election they have both in abundance.
But will this period of market volatility prove to as bad for the sector? If not, what is likely to underpin it?
Last June's referendum-related losses were severe. Both Persimmon and Barratt Developments, Britain's two biggest builders by market cap, lost more than 60% in the three days following the Brexit poll.
Fears of a Brexit-led recession were underlined by a sharp fall in the pound and analysts warned that an exodus of EU migrants would hit housing demand.
These concerns proved unfounded, however. While growth slowed in the first quarter this year, recession seems less likely. House price growth slowed a little, but demand remained robust.
Indeed, the shares of housebuilders returned to and passed their pre-referendum levels in March.
But it hasn't taken long for the next scare to hit the sector.
The uncertainty now surrounding the UK economy and financial markets since the general election returned a government without a majority has put the sector back on the defensive.
"We would expect the sector to be less attractive to investors as economic uncertainty has ramped up, and house buyers become more reticent," says Charlie Campbell sector analyst at Liberum.
Data published this month by the Royal Institute of Chartered Surveyors show that in the weeks leading up to the election, activity in the housing market slowed.
Enquiries from new buyers and instructions from sellers fell in May, with 25% more respondents reporting a decline in fresh listings.
This, according to Simon Rubinsohn, RICS chief economist, was likely due to expectations that house prices are growing faster than wages.
House prices rise more slowly
Growth in house prices is slowing. According to Halifax, the UK bank, house prices in the three months to May fell by 0.2%.
However, the annual rate of growth on a three month rolling basis was up 3.3% from the same period last year. So, house prices continue to grow at a faster rate than wages, which in April, increased by just 1.9%.
Nationwide Building Society's similar research showed that house price growth slowed in May for the third consecutive month, down to an annual 2.1% from 2.6% in April.