UK Homebuilders Fall as First Time Buyer Support Disappoints

Shares in the UK’s largest homebuilders slumped Wednesday after the government unveiled fresh details of a new policy designed to help people buy their first home that showed it expected...

By Meg Short · Bloomberg Markets

Shares in the UK’s largest homebuilders slumped Wednesday after the government unveiled fresh details of a new policy designed to help people buy their first home that showed it expected to lend far less than a previous program.