UK homebuilders rise on 'Help to Buy' revival hopes
BUZZ-UK homebuilders rise on 'Help to Buy' revival hopes ** An index of UK housebuilder stocks .FTNMX402020 rises as much as 2.7%, with traders citing reports that likely incoming prime minister Andy Burnham could be presented with plans to revive the "Help to Buy" scheme when he takes office on July 20
** JPMorgan says a renewed scheme, which is aimed at helping first-time home buyers, could lift near-term sales rates and bolster confidence in future demand. Burnham has also pledged to roll out the biggest council housebuilding programme since the post-war period
** Vistry VTYV.L, Persimmon PSN.L, Taylor Wimpey TW.L, Bellway BWY.L, Barrat Redrow BTRW.L and Berkeley BKGH.L rise 2%-4%, outperforming the broader UK market
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
((Danilo.Masoni@tr.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net/))
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