Despite gains in the market overall, housebuilders' shares this morning saw significant drops of 10-11%
Housebuilding shares headed south in early trading this morning despite gains in the wider market.
The FTSE 100 was up by 2% at lunchtime after cautious gains around the globe.
Fears of a global recession had seen share prices yo-yo this week.
The biggest fallers were:
Persimmon -11% to 246p
Redrow -11% to 129p
Barratt -10% to 60p
Bellway -10% to 400p
Taylor Wimpey was flat at 12p but the housebuilder had already fallen a long way in recent days amid fears over its survival.
It is currently refinancing its £1.7bn debt with a group of banks, bondholders and private placement debt holders.