<p>Redrow and Vistry have reported continuing strong demand and trading, ahead of announcements of their results in September.</p> <p><span>Issuing a trading update for its financial year ending June 27 2021, Redrow said that it expected its turnover for the year to be around £1.94 billion against last year’s £1.34 billion and 2019’s £2.11 billion. And it anticipates that legal completions will rise to 5,620 against 2020’s 4,032 (2019: 6,443).</span></p><p></p> <p><span>The sales market remained strong, Redrow added, with its reservations per outlet per week during the period at 0.70 compared to 2020’s 0.67 and 2019’s 0.63.</span></p><p></p> <p><span>This high sales rate had been achieved despite the reduction in the use of Help to Buy, the business said. The equity loan scheme represented only 13% of its private reservations in the second half of 2021, against a 50% rate in 2020.</span></p><p></p> <p><span>It also expects its operating margin for the full year to be “in excess” of 15.5%, up significantly from last year’s 11.1% and compared to 2019’s 19.5%.</span></p><p></p> <p><span>Its total order book at the end of the financial year stood at £1.43 billion, the same as a year ago.</span></p><p></p> <p><span>Vistry said that its robust first half performance – for the six months to …