Housebuilding giant sees completions slump as buyers feel the squeeze
Housebuilding giant Barratt Redrow has reported a 12% fall in home completions as affordability pressures continue to hit demand from private buyers.
The group completed 3,223 homes in the 17 weeks to October 25, down from 3,665 during the same period last year, a decline of 442 properties. Its underlying private reservation rate fell from 0.57 to 0.53 homes per sales outlet per week, although stronger demand from the private rental sector helped lift the overall reservation rate to 0.59, compared wit... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
