Should income investors back housebuilders?

Three key areas of concern

Are UK housebuilders a good hunting ground for income investors? The sector's dividend yield may be a generous 5.9%, but I am resisting the temptation, writes Miton's Eric Moore.

The first concern is financial metrics of the housebuilders are back to all-time highs. Margins and returns on capital have never been better and look decidedly ‘peaky'. Mean reversion may have its way...