Barratt ahead of schedule as it sees ‘strong demand’ for homes
Coalville housebuilding giant Barratt says it expects to build around 16,250 homes this year, slightly ahead of its expectations.
The firm says it built around 321 homes a week from January 1 to May 2, with total forward sales coming in at almost £3.7bn.
David Thomas, chief executive, said: “We have seen strong demand for our high quality, energy efficient homes on well-designed developments which means we now expect to increase wholly owned completions to between 16,000 and 16,250 homes this year, along with around 650 JV home completions. As construction activity has increased our employees and sub-contractors have worked hard to maintain our high standards of quality and service and we are proud that for the 12th successive year, our customers have rated us as a 5 star housebuilder.
“Our priority continues to be keeping our customers and colleagues safe as we deliver high quality sustainable homes and developments the country needs, creating jobs and supporting economic recovery across England, Scotland and Wales.”