2nd
Feb 2015
Barratt Homes is being extremely bullish by stating that over the next six months Feb - July, they intend to ease the housing crisis by building 13,500 new homes across 90 sites.
This is because of their previous six months performance (Aug - Dec 2014) of developing 96 new sites, which was up 5% of the corresponding period in 2013.
They are claiming that when the ninety sites come into operation then it will be Barratt's largest number of schemes since the recession.
In its latest trading announcement, the week beginning the 19th January, they said their number of homes that had been built increased by 12%, and that they had a very healthy book of forward sales that was up by 17% on the previous year.
The Chief executive of Barratt, Mark Clare, put the high level of reservations and sales in 2013, which is now on the increase, was due to the government introducing the "Help to Buy" scheme.
Clare said: "With a sales rate of 0.58 net private reservations per active site per week in the period we are on track to deliver our target of 15,700 completions in the financial year 2015. The sales rate in the prior year comparable period was exceptionally high reflecting the launch period of Help to Buy in 2013,”.
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