Construction shares rise as government contemplates Help to Buy extension | Strategic Network news

Construction shares rise as government contemplates Help to Buy extension

The government is considering an extension to the Help to Buy scheme, according to various national newspapers.

Originally due to be phased out, the government is considering keeping it going as it looks to keep the market moving post Covid-19.

The news saw the share prices of some housebuilders increase. 

Berkeley Group rose 3.4%, Barratt Developments increased by 2.7%, Persimmon climbed 2.5%, and Taylor Wimpey rose 2.3%.

It comes just a day after the Housing, Communities and Local Government Committee called for government to put more money into building new social housing, saying doing so would produce more social and economic good in the long term.

The Committee of MPs were calling for an increase of £10bn per year for social housing, so that 90,000 new social rented homes could be built.