British homebuilder shares hit seven-month high ahead of spending review

LONDON (Reuters) -British homebuilder shares rose sharply on Wednesday, ahead a public spending announcement from the UK finance minister that is expected to confirm 39 billion pounds ($52.54 billion) of funding for affordable homes in the next decade.

An index tracking British homebuilder shares was last up 2.36% at its highest since November, building on Tuesday's 5.4% gain.

Vistry shares rose nearly 9%, and topped the broad European STOXX 600 share index. Peers Crest Nicholson and Bellway rose 5.2% and 2.5%.

($1 = 0.7422 pounds)

(Reporting by Alun John; Editing by Amanda Cooper)