Forget share prices, and let builders build

Shares in house builders have taken a battering, but that might not be any harm in the medium term

At the beginning of every year, the media likes to engage in a bit of crystal ball gazing. It’s a natural time to look ahead and get up to a bit of mischief. We’re not the only ones to do it. Economists and stockbrokers also like to make predictions and forecasts. You’ll find no shortage of commentators out there willing to make bold calls.

Almost everyone has a view in that great national ...