British housebuilder Bellway ([[BLWYF]], [[BLWYY]]) recently issued a trading update and I don’t think it bodes very well for the U.K. residential housebuilding market.
Possible End to Help to Buy is a Threat
The U.K. government has a scheme called Help to Buy which provides assistance to certain housebuyers to buy homes, to offset the perceived lack of affordability. The logic of this defeats me, as it expropriates money via tax and then – after losing some by way of administration costs - further fuels demand in an overpriced market, without doing anything to improve