The UK housebuilding sector is suffering from higher mortgage rates and the cost of living crisis. UK house prices have fallen over the past year but have shown recent signs of stabilisation.
The FTSE 350 Home Construction sector is down 35% over the past three years as investors sold housebuilding shares ahead of a downturn in activity. There is now an argument softer housing activity is largely priced in.
abrdn fund managers and equity analysts at Deutsche Bank favour this FTSE 350 housebuilder with the inclusion in an abrdn equity income portfolio and a recent price target increase...
