Contractors and housebuilders see share prices jump

Investors respond to Tory election triumph by buying big

Shares in listed housebuilders rocketed this morning following Boris Johnson’s comprehensive general election victory.

The Conservatives made it a manifesto promise to build a million new homes over the next five years although, at 200,000 homes a year, this was less than the last administration’s plan for 300,000 new homes annually by the mid-2020s.