Taylor Wimpey Share Discussion Threads

[5bag] 26/6/2014 12:02

I don't think carney really gives one about the housing market, this is all about stopping bank lending on mortgages becoming too stretched (again). The effects on housing valuations are a side issue for him IMO.

[1gw] 26/6/2014 11:45

Sensible stuff from Carney. Acting now, in a "proportionate and graduated" way to take heat out of the market. He expects the cap (the 15%) to start to bite in about 1 year's time. I think I heard him say that he expects continued momentum in the market (i.e. house prices increasing relatively rapidly) for about a year after which house price growth should align more closely with income growth - but again very clear that the FPC is not targeting house prices, it is trying to ensure financial stability.

[lostuser] 26/6/2014 10:43

Nice spike probably due to the Bank of England statement on how they will cool the housing market

"Carney concedes that Bank of England's proposals today will have no impact on today's housing market.

Two new measures are recommended:

A new affordability test where mortgage lenders should asses if borrowers could still afford to repay their mortgage if interest rates were three percentage points higher than at the time of the loan.

No more than 15% of a lender's total number of residential mortgages should be at, or greater than, 4.5 times the borrowers' income."

[gbh2] 25/6/2014 13:06

Institutions clearly making more from Shorting TW than they can from adding share value!!

[aspers] 25/6/2014 06:40

Bank of England Governor Mark Carney on Tuesday suggested that markets over-reacted to his indication of an imminent interest rate hike.

Carney toned down comments made during his Mansion House speech earlier this month when he said interest rates "could happen sooner than markets currently expect".



He said his remarks were aimed at correcting the belief that there was only around a 15% chance that interest rates could rise before the end of 2014.

Carney added that interest rates are likely to remain under the 5% historical average in the next two to three years' time and that any rise would be "limited and gradual".

Howard Archer, Chief UK and European Economist at IHS Global Insight, said: "Even if the Bank of England does start edging interest rates up before the end of 2014, we still expect them to only reach 1.25% by the end of 2015, 2.0% by the end of 2016 and 3.0% by the end of 2017."

Carney told MPs that while the economy was growing at an annual rate of 4%, average weekly earnings were "softer than our expectation and adds to a run of hard data that has been softer than expected".

The governor noted that there had only been a handful of months since 2008 where average weekly earnings had climbed above inflation.

He also warned that the housing market is the biggest domestic threat to financial stability. Low borrowing costs have boosted mortgage lending, pushing demand and prices for homes higher which has led to fears over the market overheating.

RD

[aspers] 24/6/2014 17:45

I think this is now well oversold....once the planned measures to stop the house price bubble going crazy are known this will soon realise it's true value.....I reckon 185 by the end of the year will not be too far off the mark.

[edlndn] 24/6/2014 15:53

When's this lift going to happen then?

Taylor Wimpey plc (LON:TW)'s stock had its "buy" rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday. They currently have a GBX 165 target price on the stock. Deutsche Bank's price objective would indicate a potential upside of 54.78% from the stock's previous close.

[death by donut] 23/6/2014 15:14

Well, reccied tw. site today that I start tomoz, looks like a creamy days work per plot. Should be back home in time for tea and pointless!First 6 plots already sold and 4 of those not even dry lined yet.DbD

[gbh2] 20/6/2014 09:46

hb35, Update due in a couple of weeks :))

[badmumba] 19/6/2014 23:31

Now ive said that watch them go and lose ,, Ps i dont know anything about football, ,are we on the move at last ???

[homeboy35] 19/6/2014 12:03

deja vu...108p!!!

[badmumba] 18/6/2014 12:58

Now i'v said that watch them go and win it .

[5bag] 18/6/2014 12:42

Maybe not life savings, but I know what you mean. :-)

housebuilders have been reporting good numbers of late

[badmumba] 17/6/2014 22:52

£10 on England ?? no ,i think i'd rather put my life savings in this ..

[bluerunner] 17/6/2014 20:23

I meant 'optimistic' ... The surprise was too much to take.

[bluerunner] 17/6/2014 20:21

A post from Taffee with the word 'optimism' in it.Think I'll put £10 on England for the World Cup.

[montyhedge] 17/6/2014 20:16

Crest superb figures today, a well run house builder.

[taffee] 17/6/2014 19:54

These builders predictions are amazingly optimistic with no problems at all

[taffee] 17/6/2014 19:53

Let's hope prices don't fall then!

[edlndn] 17/6/2014 18:47

Sector news. In the evening standard tonight:"Crest shrugs off rate rise worriesHousebuilder Crest Nicholson today said looming interest rate rises will "not unduly" impact the business at it raised half-year profits 37% to £38.4 million in the six months to April 30.It added that the launch of a new division in the Home Counties as well as higher selling prices would drive a surge in revenues of up to 80% over the next three years. The shares rose 10.15p to 335.15p, or 3%."

[fangorn2] 17/6/2014 16:13

"Crushing borrowers is big style counter productive."

Indeed 5bag.

They'll always screw the savers and the prudent first.

[5bag] 17/6/2014 14:16

Crushing borrowers is big style counter productive.

[taffee] 17/6/2014 14:15

Everyone thinks rates will not exceed 3%...why?...they could easily go 5% or
More...Carney was put in by Cameron/osborne....election coming up...Carney could
Leave....no one believed rates would fall to 0.5% so they may rise to 7% or more
Hmg shafted savers to save banks not people they will be fully prepared to crush
Borrowers if they so desire

[gbh2] 17/6/2014 13:36

That's a pretty safe assumption seeing as Talk of it has already knocked a chuck of the share price of most builders!

[fangorn2] 17/6/2014 13:13

Interesting little snippet

"JP Morgan says potential UK rate rise unlikely to hit housebuilders"