<p>Housebuilder share prices fell by around 20% on the back of the UK&rsquo;s vote to leave the European Union.<br />Housebuilders&rsquo; shares were among the worst hit as the markets reacted adversely to the vote and the subsequent resignation of prime minister David Cameron.</p> <p>However Peter Andrew, deputy chairman of the Home Builders Federation, looked to remind the market that the medium to long term outlook for the industry is sound. &ldquo;It is too early to understand all the implications of the Brexit vote for housebuilders,&rdquo; he said. &ldquo;However, it is clear that after decades of undersupply we face an acute housing crisis and demand for new homes will remain high. We will continue working with government and others to ensure we can deliver the number of homes the country needs in the coming years.&rdquo;</p> <p>Richard Donnell, insight director at Hometrack, said: &ldquo;The immediate impact of Brexit is likely to be a fall in housing turnover and a rapid deceleration in house price growth as buyers wait and see what the short term impact is on financial markets and the economy at large.</p> <p>&ldquo;The decision to leave the EU will be most keenly felt in the London housing market which is …