UK housebuilders down 30% but risk/reward turning positive, with Persimmon best placed to ride out the storm

JP Morgan says the sector is trading below its worst-ever valuation trough, with Persimmon PLC's (LSE:PSN) lower price point and self-sufficient supply chain offering the most protection. UK housebuilders have fallen around 30% since the Iran conflict began, but the US investment bank argues the selloff has gone too far and that the risk/reward balance is now skewed in favour of investors willing to look through near-term turbulence.