It said: “As the economic, political and lending environments have stabilised, there has been some recovery in customer demand and we have seen solid reservation activity since the start of January, building a strong forward sales position.
As the economic, political and lending environments have stabilised, there has been some recovery in customer demand and we have seen solid reservation activity since the start of January.
Barratt, which completed its £2.5 billion takeover of Redrow last October after getting approval from the competition watchdog, said it also expects to strip out a further £10 million in costs following the deal, taking the total in savings to £100 million.
Housebuilder Barratt Redrow has seen shares jump higher after delivering profit cheer thanks to a buoyant start to the year as buyer demand recovers.
The group flagged “solid reservation activity” since the beginning of January and now expects to sell between 16,800 and 17,200 homes over the year to the end of June.
