“If election pledges turn into policy, today is more than just a new day in housebuilding, it is the dawning of a new age,” analysts at RBC, one of Canada's largest banks, have declared.
“In the next 100 days we are likely to see the reinstatement of housing targets, the refining of greenbelt and the reform of planning, and by the end of the year the newest version of Labour may have announced a new generation of new towns,” they said.
“Over the last few years housebuilders' potential has been hamstrung, but over the next few this potential is likely to be unleashed.”
Policy talk alone will be enough to lift share prices, predicted analysts. That has already proven accurate, with four of the five biggest FTSE 100 risers being big-cap housebuilders this Friday.
RBC sees Taylor Wimpey PLC (LSE:TW.), Persimmon PLC (LSE:PSN) and Vistry Group PLC (LSE:VTY) as the top benefactors of the Labour majority.