<p>Barratt\'s average selling price (ASP) has fallen by 3.7%, according to its latest trading update for the year ended June 30 2006. It expects to increase completions by 1.8% to 14,601, with an ASP of £165,000 – down on 2005 \"as a result of an increased proportion of social housing.\"</p> <p>The plc\'s social housing completions have grown by 53.5% to 2,702, at an ASP of £90,500 – down 11% \"due to geographic mix.\"</p> <p>Private completions are expected to be 5.5% lower at 11,899, at an increased ASP of £182,800 – up 0.4%. Chief executive David Pretty told Housebuilder: \"Social housing completions are up higher than we predicted a year ago. The big increase this year is mainly due to the way the flow has gone. It also reflects the fact that we have to provide more social housing, especially on south east based sites.</p> <p>\"Social housing adds another string to our bow. But we expect completions to come back a little in the new financial year, and private completions to increase.\" He added: \"We have had a good sales run in the last six months; I would describe the market as steady, stable and robust.\"</p>