In the News

Riksbank Cut Spells Brighter Outlook for Swedish Homebuilders

Bloomberg, May 10

Swedish homebuilders should start to recover later this year, boosted by the central bank’s decision to cut interest rates before its Eurozone and US peers. The value of orders is expected to tick up for Sweden’s three largest homebuilders, Skanska AB, Peab AB and NCC AB, brightening the outlook for the industry in the Nordic country. “I would expect new starts to gradually pick up through 2024,” Kepler Cheuvreux analyst Albin Sandberg said in an email, while cautioning that it will “probably take some time” before that turns into stronger demand for new builds.