Barratt builds record numbers of homes

Coalville-based Barratt Developments built more homes than ever before in the first half of its financial year, according to a trading update this morning (February 4).

The company completed 9,077 for the six months to end of December – a 9.2% rise on 2019.

Meanwhile, profit before tax rose by 1.7% to £430.2m, while revenues leapt by over 10% to almost £2.5bn.

Chief executive, David Thomas, said: “We have also made a solid start to the second half and are now over 95% forward sold for our financial year. Whilst we are mindful of the continued economic uncertainties, the housing market fundamentals remain attractive and our outlook for the full year remains in line with expectations. We will continue to lead the industry in quality and service as we deliver the high quality sustainable homes and developments the country needs, creating jobs and supporting the economic recovery across England, Scotland and Wales”.