Shares fall as market reacts to shock election result

UK’s FTSE 350 housebuilder shares fell 2.4% in the first 15 minutes of trading today as the industry reacted to the shock election result that left no party with a majority in parliament. Election 2017 logo Both the FTSE 350 housebuilder and REIT markets opened 0.6% down on close last night in a muted reaction to the Conservatives losing their majority but housebuilder shares continued falling throughout the morning. Berkeley’s share price fell 3.7% in the first 15 minutes of trading, while Taylor Wimpey was down 3.3%. Before the markets