UK housebuilder Barratt Developments has delivered a strong first half performance, with good customer demand driven by a positive market backdrop.
It it’s latest trading statement, Barratt said the land market remained favourable and it had secured attractive land opportunities.
Business performance continued to benefit from good mortgage availability and a supportive Government policy environment.
Average net private reservations per week were 246 (2016: 247) for the period. The sales rate for the period was in line with the prior year at 0.68 net private reservations per active outlet per week.
Barratt launched 93 new developments in the period (including JVs) (2016: 83) and operated from an average of 376 outlets (including JVs) (2016: 374).
Total completions (including JVs) were 7,324 (2016: 7,180) units.