Persimmon shares fall by more than 15%, other house builders also suffer

House builders’ share prices have fallen yet again and if there was to be a serious plan to nationalise the sector, then every day’s delay in that major shake-up being voted on and agreed would only make it that much easier to accomplish.

Taylor Wimpey’s shares now trade at just 10.75p while Persimmon this morning (Monday) shed a further 37p to reach a new low of 201p.

This morning’s significant changes amongst the house builders:

• -15.6% Persimmon
• -11.5% Barratt
• -10.4% Taylor Wimpey
• -7.8% Bellway
• -7.1% Bovis Homes

However two contractors enjoyed a little morning sunshine and registered increases in the value of their shares:

• +4.0% Carillion
• +1.9% Balfour Beatty
• No change Lavendon
• No change VP
• -0.8% May Gurney
• -1.5% Morgan Sindall

There was also some good news for the pair who operate by way of a hybrid model:

• +6.2% Kier
• +3.0% Galliford Try