Housebuilder shares spiked yesterday on the back of a more positive assessment of the state of the economy from the Bank of England after it increased the interest base rate half a percentage point to 4%.

Persimmon’s shares rocketed nearly eight per cent by close of trading, with other listed builders rising by between four and six per cent. The shares of listed housebuilders rose modestly yesterday morning before spiking just after 12pm, when the Bank of England made the announcement. 

…