JPM | Building Broadcast: HOLN, TPK, DG, FER, FGR: JPMC Construction Daily

Research evidence excerpt

JPM | Building Broadcast: HOLN, TPK, DG, FER, FGR: JPMC Construction Daily

Elodie Rall AC Europe Equity Research

(44-20) 7134-5911 18 June 2026 J P M O R G A N

elodie.rall@jpmorgan.com

UK Housebuilders: Sector risk/reward in focus; Persimmon best place to weather the storm

UK Housing Pulse April Edition - Uncertain outlook is weighing on sentiment

Berkeley Group: London Calling; Upgrade to Overweight

UK Housebuilders Speculation grows on Help-to-Buy (again); assessing what it could mean

for the sector with Persimmon (OW) the key beneficiary

UK Housing Pulse February Edition - Pricing, sentiment and policy support all offer reasons

for optimism

First Principles - UK Housing Rental Market 101

UK Housing Pulse: January Edition - December Pricing shows the effect of the budget but

RICS data offers hope of inflection

UK Housebuilders Evaluating the valuation – Persimmon most attractive with sector-leading

financials

UK Housebuilders 2026 Outlook: Cautiously optimistic; remain selective

UK Housebuilders & Construction Readacross from Autumn Budget

UK Housing Pulse: November Edition - Data indicates resilience in the face of uncertainty;

all eyes now on the budget

UK Housebuilders: HBF releases 2025 State of Play report; SME housebuilders continue to

see planning alongside increasing taxation and regulation as major barriers to growth

UK Housing Pulse October Edition - Pricing trends reassuring but sentiment likely impacted

by upcoming budget

UK Construction Hammering it all together - UK Construction and Housebuilders corporate

tracker

Persimmon: MT Targets provide significant earnings and valuation potential

First Principles - Persimmon: Deep Dive into One of the UK’s Leading Housebuilders

UK Construction Hammering it all together - UK Construction & Housebuilders corporate