Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I cannot believe it was sixteen months ago that I was writing about the housebuilder Redrow (RDW), loving up the entrepreneurial fervour of the soon-to-be retiring (for a second time) founder, and observing: 'The trouble with 'help to buy' and other initiatives is that despite all the good intentions in helping younger people to get onto the housing ladder, it just deepens distortions and takes the housing market another step away from a proper market clearing level - which is why I refuse to buy/hold the sector and still remain fearful and bearish towards it.'...
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