London, February 16, 2026, 12:14 GMT — Regular session
- Bellway shares lost ground in London after new UK housing figures showed asking prices staying flat at the start of February.
- The company announced fresh buybacks as part of its ongoing £150 million programme.
- Bellway’s interim results, out March 24, should give investors a clearer read on how spring demand and margins are shaping up.
Shares of Bellway (BWY.L) slipped on Monday, tracking declines across UK housebuilders as the latest housing market data came in soft. By 11:47 GMT, the stock was off 1.26% at 2,832 pence, having hit a low of 2,808 pence earlier. Taylor Wimpey and Persimmon also traded lower. 1
The timing isn’t great for housebuilders. They’re moving into the spring selling season, the stretch when reservation rates and pricing usually shape both cash flow and margins. If prices don’t budge upward, builders may have to ramp up incentives—cutting straight into profit per home.
Rightmove reported that asking prices held steady in the four weeks ending Feb. 7, following a surge after the budget around Christmas and New Year. The property website noted homes available for sale hit their highest level for this point in the year since 2013, and agreed sales tracked 5% lower than this time in 2025. 2
Rightmove’s February house price index showed the average asking price for newly listed properties at £368,019—just £12 lower than in January. “With buyer choice remaining high, sellers will still need to come to the market at tempting prices,” said Rightmove property expert Colleen Babcock, citing strong supply and stable activity. 3
Bellway disclosed new share buybacks in a Monday filing, tied to its previously announced October programme. On Feb. 13, the company picked up 16,253 shares, paying a volume-weighted average of 2,797.20 pence apiece. Those shares are set for cancellation, pushing total repurchases so far to 1,952,972. 4
Bellway turned in 4,702 completions for the six months ending Jan. 31, it told investors last week, and the group remains on course for roughly 9,200 home deliveries by July 31. “Bellway has delivered a robust first half performance in a challenging market,” said Chief Executive Jason Honeyman, who also called for action to help first-time buyers. The company flagged how demand is still closely tied to mortgage affordability. 5
The stock finds support from the buyback, but traders have been tuning in to price signals instead, sizing up where bargaining power stands — and how urgently builders might have to sweeten offers to keep projects rolling.
The risk isn’t hard to spot—should supply remain elevated and mortgage affordability fail to make headway, that spring surge loses momentum, with incentives likely ticking up again. When prices hold steady, there’s not much cushion if construction costs jump or projects hit planning snags.
Bellway’s interim numbers land March 24. Investors are zeroed in on spring reservation figures, updates on the order book, and the pace of the £150 million buyback. 6
