King's Capital: British residential builders approach cautiously as increased supply gives buyers a stronger negotiating position.

Royal Bank of Canada analysts Anthony Codling and Oliver Dyson said in a report that UK residential builders are becoming more cautious as the industry shifts towards a buyer's market, with the number of homes for sale in February reaching an 11-year high. These analysts stated that according to the latest report from Rightmove, asking prices this month remained relatively stable, which is not likely to surprise residential builders. The Royal Bank of Canada stated that the incentives are still strong, and sales velocity has not yet rebounded in the spring sales season. The Royal Bank of Canada also said that, based on weighted year-over-year calculations, the current regional price trends are most favorable for Gleeson, Persimmon, and Taylor Wimpey, while Berkeley, Crest Nicholson, and Vistry are seen as benefiting the least.