Housebuilders rush to fulfill Prescott’s affordable housing drive

Feb. 18, 2005
Quick thinking smaller and middle-sized listed housebuilders and contractors have been the first to respond positively to John Prescott’s £60,000 homes challenge. And their share prices have rocketed as a result. With government cash available for a host of development projects, from large-scale refurbishments, new build for housing associations, and PFI for social housing, Galliford Try, Gleeson, Lovells, Rok Property and Kier have all been identified as keen to work with government. Since the start of the year their share prices have risen by 21%, 30%, 17%, 11% and 19% respectively.

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