Barratt Redrow Predicts Growth Despite Forward Sales Drop

BRITAIN’S biggest housebuilder, Barratt Redrow, completed 10,245 homes in the 12 months to 30 March 2025 – a 10.1% drop on the previous year.

Total forward sales also fell by 2% to £3,138.6m from £3,203.4m the previous year, according to its latest trading update.

Despite global economic uncertainty, the business says it is “well positioned for future growth” and expects to deliver between 16,800 and 17,200 completed homes in 2025, including around 600 joint venture homes.

The company adds that it is “encouraged by the government’s ongoing commitment to increasing housebuilding activity and proposed supply-side support” and expects to complete 22,000 homes each year in the medium term.

The Redrow integration is also said to be “progressing well” with nine divisional office closures now completed or ongoing across both businesses and nine planning applications submitted for incremental sales outlets from the combined Barratt Redrow land bank.

The company says it has remained “disciplined and selective” in its land purchasing and has approved the purchase of 7,574 plots on 37 sites in the three months to 30 March 2025. This brings its total for the financial year to date to 15,301 plots across 82 sites.

Delivering Growth

David Thomas, Chief Executive of Barratt Redrow plc, commented: “Our customer focus and unique offering across the Barratt, David Wilson and Redrow brands have continued to drive homebuyer demand and performance this quarter, leaving us well placed to deliver housing volumes in line with our full year guidance.

“The operational integration of Barratt and Redrow is nearing completion, and we are making good progress on both cost and revenue synergies. In addition to realising the power of our differentiated brands, we are also focused on unlocking the full potential of our enhanced land position. This has been further supported by the government’s proposed planning reforms.

“The fundamentals for our industry remain strong, with a clear need for new homes across all tenures and a national focus on accelerating delivery. We have the scale, industry partnerships and unrivalled credentials in quality, service and sustainability required to capture the opportunities ahead and deliver growth.”

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