Barratt enjoys “good sales rate and a healthy forward order book”

Housebuilder Barratt Developments is enjoying a “good sales rate and a healthy forward order book” despite economic and political uncertainty.

For the 15 week period from 1 July to 13 October the firm launched 26 new developments (including JVs) and delivered 3,252 home completions (including JVs).

The firm noted that total forward sales (including JVs) as at 13 October 2019 are strong, comprising 12,963 homes at a value of £3,070.2m.

David Thomas, Chief Executive said: “We have started our new financial year well, with a good sales rate and a healthy forward order book. As the only major housebuilder to be awarded a 5 Star rating for customer satisfaction for ten years in a row, we continue to lead the industry in quality and customer service.

“Whilst there is economic and political uncertainty, we continue to be disciplined and have a strong balance sheet and cash position which we believe provide us with the resilience and flexibility to react to potential changes in the operating environment in FY20 and beyond. We maintain our focus on the delivery of operational improvements across our business, and our commitment to deliver the highest quality homes across the country.”