<p><span>Site closures have had a “profound impact” on Redrow’s year end results, with Inland Homes’ revenue affected in response to lockdown restrictions during its six month period, the two housebuilders reported today (June 30).</span></p> <p><span>Issuing a trading update for the year ending June 28 2020 ahead of the announcement of its annual results in September, Redrow said that its year had been budgeted to be “disproportionately weighted” to the end of the second half.</span></p> <p><span>Adapting to new Covid-19 protocols had affected the number of homes completed during the last few weeks of the financial year, the company added. During the year to June, it completed 4,032 homes against 6,443 the previous year, with turnover anticipated to be £1.34 billion against last year’s £2.11 billion.</span></p> <p><span>During the period, Redrow secured 4,222 private reservations with a value of £1.61 billion (2019: £1.67 billion).</span></p> <p><span>In the five weeks since re-opening its sales offices from May 18, it has achieved a net sales rate per outlet per week of 0.56 compared to 2019’s 0.59. Redrow said this reflected “strong pent-up demand, especially from buyers using the government’s Help to Buy scheme”.</span></p> <p><span>The firm is cutting back its London activities following a review of its …