Barratt set to build most new homes since 2008 Barratt set to build most new homes since 2008
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  1. #1

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    Default Barratt set to build most new homes since 2008

    Taken from Mortgage Solutions:

    Barratt Developments, the nation’s biggest housebuilder, says it is on track to complete more than 17,300 homes this year, the largest figure since 2008 - the height of the financial crisis.
    Issuing its latest trading update this morning, the firm revealed its profits for the financial year were set to be at the top of the range of analyst expectations, which had previously predicted profits would be somewhere between £675m and £733m.

    The firm pointed to “very strong” consumer demand, which is being supported by increased competition in the mortgage market and the popularity of the Help to Buy scheme.

    The firm has launched 46 new developments in the first quarter of the year, with net private reservations per week hitting 299, up from 282 last year.

    Barratt said it was continuing to see “upward momentum” on average selling prices, which it put down to changes in mix as well as underlying house price inflation. The latest house price index from Halifax found that the annual rate of house price growth remained stagnant at 3.8% last month.

    David Thomas, chief executive of Barratt, commented: “This has been another strong period both operationally and financially for the Group. We remain firmly committed to delivering industry leading build quality and customer service, recognised by the award of the Home Builder Federation’s maximum five star customer satisfaction rating for the eighth consecutive year.”

    Last week rival Bovis Homes announced it would be building 10-15% fewer properties this year, after it emerged that it had offered cash incentives to buyers to complete on unfinished properties.

  2. #2

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    Most of Barratt crap homes were built prior to building regulations being relaxed. God help those who buy the post building regs relax.
    Brexiteers remind me of religious fanatics, only faith, no facts.

  3. #3

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    Quote Originally Posted by Paddy View Post
    Most of Barratt crap homes were built prior to building regulations being relaxed. God help those who buy the post building regs relax.
    When did that happen? The Barratt's home I bought in the early 1990s failed to meet quite a few building regs. They told me they were only "guidelines".

  4. #4

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    Dreadful slump. I blame Brexit.

    Hang on...

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    The only Barrett I'll be buying will have 50 caliber written on a side of it

  6. #6

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    Quote Originally Posted by AtW View Post
    The only Barrett I'll be buying will have 50 caliber written on a side of it
    Carry one in your car for the next assassination attempt....

  7. #7

    Contractor Among Contractors

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    £14 a week, what's not to like.

    We're all Crypto Millionaire's, now Dave...

  8. #8

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    Quote Originally Posted by _V_ View Post
    £14 a week, what's not to like.
    With the £350m per week we're saving by leaving the EU that would pay for 25 million homes. And that's enough for the whole country more or less.

    Crisis solved.
    Will work inside IR35. Or for food.

  9. #9

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    Quote Originally Posted by VectraMan View Post
    With the £350m per week we're saving by leaving the EU that would pay for 25 million homes. And that's enough for the whole country more or less.

    Crisis solved.
    It's enough to buy 1,600 average houses outright today. Brexiters should be first in the queue for a free house.

    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  10. #10

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    Quote Originally Posted by DimPrawn View Post
    It's enough to buy 1,600 average houses outright today. Brexiters should be first in the queue for a free house.
    Still queues after Brexit?

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