The Barratt Developments share price had been gradually sliding lower after its highs in April, and although it rebounded from six-month lows in July, Barratt’s share price still remains some way short of the pre-pandemic peaks.
Is the Barratt share price running out of steam?
Since those July lows, the Barratt share price has been on a slow move higher, however there are signs that the current rebound might be starting to run out of steam, as the various tax breaks start to come to an end, with today’s numbers prompting a little bit of early weakness.
Across the housing sector, by and large the numbers being reported have been better than expected, with today’s results from Barratt painting a fairly decent picture of the UK housing market; not so much for how well they’ve done this past year, but in the context of the outlook going forward into 2022.
House price growth this year has been strong largely as a result of the stamp duty holiday that is due to end this month, however there are concerns that the removal of this tax measure…
