Building & Construction
Our Housing, Building Materials and Merchants coverage includes all of the UK listed housebuilders, the builders merchants/DIY specialists, the building materials companies, and estate agents.
Clyde Lewis leads our coverage of the sector. He has over 32 years’ experience as an equity analyst including 25 years covering the Building sector. He headed up the building team at both Citigroup and HSBC and has been consistently highly ranked in surveys. Clyde has ranked in the top 3 analysts in the sector in the last seven Institutional Investor (Extel) Surveys, where he ranked 1st in 2021. He has an Economics degree from Bath University and joined Peel Hunt in 2013. He is also Deputy Head of Research.
Sam Cullen joined Peel Hunt in 2020. He has over 10 years’ experience as a UK housing and building analyst, having covered the sector at both Jefferies and Berenberg. He has a degree in Natural Sciences from Durham University. Sam was ranked 8th overall analyst in the 2021 Institutional Investor (Extel) Survey. He was also ranked #2 as Top Stock Picker in Household and Leisure Goods category (Europe) and #3 Top Stock Picker for Construction category (United Kingdom and Ireland) in the 2020 Refinitiv StarMine Awards.
Andrew Nussey joined Peel Hunt in 2008 and has over 25 years of experience in equity research including head of support services research at Deutsche Bank. He continues to be consistently ranked in all major investor surveys and has been awarded sector leading analyst (Institutional Investor (Extel) Survey), leading UK mid-cap analyst (Institutional Investor (Extel) Survey), Europe’s Best Support Services analyst (Wall Street Journal) and top stock picker (Starmine). Andrew holds an honours degree in Accounting from Aberdeen University.
Early ending of Help to Buy
Homes England announced that applications for Help to Buy are closing in October 2022, five months ahead of schedule. While unhelpful, we believe the impact will be relatively limited, given the drop in use following the April 2021 changes (which saw HTB restricted to first-time buyers) and the increase in 95% LTV mortgages, including Deposit Unlock.