UK Home Builders: Assessing the Implications of a Potential Burnham Administration

研报英文原文证据摘录

UK Home Builders: Assessing the Implications of a Potential Burnham Administration

Equity Research

22 June 2026 | 10:14PM BST

UK Home Builders: Assessing the Implications of a Potential Burnham

Administration

Following Andy Burnham’s win in the Makerfield by-election and his positioning for a Rebecca Parker

+44(20)7051-6646 |

potential Labour leadership challenge following Keir Starmer’s resignation, we look rebecca.x.parker@gs.com

Goldman Sachs International

at Burnham’s key housing policies and potential implications for the home builders.

Jonathan Kownator

We caveat that Burnham’s historical policy stance may pivot once in office. +44(20)7051-2974 |

jonathan.kownator@gs.com

Focus on social housing: Burnham has called for significant changes in council house

Kuber Sood, CFAbuilding and proposed pivoting the government’s existing £39bil social and +1(332)245-7812 | kuber.sood@gs.com

affordable housing programme to entirely social housing (currently 60% of homes Goldman Sachs India SPL

are targeted to be for social rent). He has also promoted reform of Homes England

arguing that the scheme by scheme approach should be replaced with a more

regionally driven delivery model. Further, according to the Financial Times,

Burnham’s supporters are exploring funding possibilities from the National Wealth

Fund and the National Housing Bank to increase private investment into social

housing. A focus on social housing delivery could be supportive of sector volumes,

helping to offset cyclical weakness in private buyer demand. The impact on listed

home builders would depend on the delivery model: partnership with the private

sector could increase access to public land and joint-venture opportunities, whereas