6 Homebuilders Set to Recover
LONDON -- The Council of Mortgage Lenders recently announced that gross mortgage-lending in the U.K. is up 13% from last year and 24% from a month ago. This, combined with the government's new Funding For Lending Scheme, in which the Bank of England could provide as much as 80 billion pounds to banks for lending to businesses and households, is a welcome boost to the U.K. economy. So what does this mean for private investors?
In today's edition, David Kuo discusses investing in a housing market recovery and reveals six homebuilders trading below their book value, including Persimmon (ISE: PSN.L) and Taylor Wimpey (ISE: TW.L) .
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