My Dad Was a Weatherman*: EUROPE | Building, Construction & Housebuilders

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My Dad Was a Weatherman*: EUROPE | Building, Construction & Housebuilders

EUROPE | Building, Construction &

Housebuilders EquityJuneResearch19, 2026

My Dad Was a Weatherman* * My dad was a weatherman for the UK

Meteorological offices, and he was nearly

With a heatwave hitting Europe this weekend, apparently you don't need a a wizard. He started work as a very young

family member who forecasts weather to be aware of the El Nino effect. weather forecaster for the RAF just six

As such, the relatively moderate updated forecast from NOAA for Jul-Sep months after they changed the law which

held that weather prediction was pretending

weather in the US is unlikely to surprise. The only areas to keep an eye on to possess magical abilities, and anyone

are Texas river levels, from below-average rainfall and above-average temps claiming to forecast it violated the Witchcraft

which could cause issues for river transport, and above-normal precipitation Act of 1735!

in the North-East. RATING

UK HOUSEBUILDERS

Exhibit 1 - US seasonal precipitation outlook for Jul-Sep 2026 Barratt Redrow Hold

Bellway Buy

Berkeley Group Buy

Crest Nicholson Buy

Persimmon Buy

Taylor Wimpey Buy

Vistry Group Hold

PAN EURO BUILDING PRODUCTS

Amrize Hold

CRH Buy

Forterra Buy

Geberit Buy

Genuit Buy

Heidelberg Materials Buy

Holcim Hold

Ibstock Buy

.

Source: NOAA - National Oceanic and Atmospheric Administration Kingspan Hold

Exhibit 2 - US seasonal temperature outlook for Jul-Sep 2026 Saint-Gobain Buy

Sika Buy

Volution Buy

PAN EURO DISTRIBUTORS

Howden Joinery Hold

SIG Hold

Travis Perkins Unpf

UK PROPERTY SERVICES

LSL Buy

IRISH HOUSEBUILDERS

. Glenveagh Buy

Source: NOAA - National Oceanic and Atmospheric Administration

Glynis Johnson * | Equity Analyst

44 (0) 20 7029 8677 | glynis.johnson@jefferies.com