Optimistic notes from big builders

Steve Menary
Jan. 1, 2012
The prospect of double-dip recession may loom for 2012 but the listed housebuilders have started the year on a more optimistic note for shareholders. Housebuilding stocks outperformed the FTSE All Share Index by an average of 20% in 2011. Although the heady days of 2008, when housebuilder's own share price index passed the 50 mark, are unlikely to be revisited …

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