Housebuilder upbeat as it builds on firm foundations

Click to read the article in full.  

Housebuilder Barratt Developments is confident it has firm foundations in place to achieve its targets.

The Coalville-headquartered group, which also builds under the David Wilson Homes brand, expects to meet forecasts for the current financial year and achieve its medium-term ambitions.

Barratt’s chief executive David Thomas said: “The positive start to the new financial year has continued in recent weeks with private reservations remaining strong.

“This is particularly encouraging given the significant year on year reduction in Help to Buy reservations and the ending of the stamp duty holiday.”

Barratt says it has not experienced any “significant disruption” to its build programmes from the widespread supply chain issues that have caused disruption in many sectors.

It expects to increase its wholly-owned completions to between 17,000 and 17,250

 link source - The Business Desk

Continue reading this article at the original source Here