A nearly 10% rise in the number of completions has been announced by Barratt.
The housebuilder saw completions increase by 9.6% year on year in the second half of 2015 to 7,626. The company’s revenue rose 19% to £1.875 billion.
Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “In line with our strategy, we have stepped up the number of completions in the first half and we did this in a disciplined way, both financially and operationally, without compromising on the quality of the homes we’re building.
“In the past five years we have increased our annual output by more than 53%, built more than 71,700 homes and approved the investment of over £4.4 billion in new land for housing. The market remains strong as a result of improved mortgage availability and Government support for first time buyers and we will continue to grow in a way that delivers for the needs of homebuyers and shareholders alike.”
Pictured: New Homes at Barratt’s Cottam Meadow development in Preston