Barratt “on track” for full year

May 5, 2022
<p><span>Barratt is “on track” for its full year, with completions set to be 4-6% above those for 2021, it said today (May 5).</span></p> <p><span>Updating the market on its trading from January 1 to May 1 2022, the volume housebuilder said that during the period, it had achieved a “strong” net private reservation rate of 0.93 per active outlet per average week against last year’s equivalent period of 0.83, reflecting the robust demand for its “high quality, energy efficient and sustainable homes”.</span></p> <p><span>During the calendar year so far, the volume housebuilder has delivered 4,625 total home completions (2021: 4,481). Its total home completions for its financial year to date (ending June 30 2022) stand at 12,692, down on the same point last year when it had completed 13,558 homes. Barratt said that as previously announced, the completion decrease was due to a return to “normal seasonality” and the effects of the Help to Buy revision and end of the stamp duty holiday.</span></p> <p><span>Barratt operated from an average of 326 outlets during the reported period, a reduction on last year’s 346 in response to its strong private sales rate, the firm said. Its build activity “further improved” against 2021, with 362 equivalent …

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