Key facts
- Barratt Redrow has trimmed its housebuilding targets due to a challenging outlook.
- The company expects to deliver between 17,200 and 17,800 home completions for the full year.
- Forward sales for FY26 are 94% sold, totaling £3.54 billion.
- Year-end net cash is expected to be between £550m and £650m.
- Barratt Redrow plans to approve between 7,000 and 9,000 plots of land for purchase in the current financial year.
- The company expects to spend between £700m and £800m on land this year.
Barratt Redrow, the UK's largest housebuilder, has reduced its land acquisition targets for the current financial year, citing geopolitical events and rising build costs as contributing factors to a challenging market backdrop. The company now intends to approve between 7,000 and 9,000 plots of land for purchase, a significant decrease from its previous guidance of 10,000 to 12,000 plots. This reduction in land buying is expected to lower land expenditure to between £700m and £800m, down from an earlier forecast of £800m to £900m.
Despite these adjustments, Barratt Redrow maintained its forecast for total home completions for the full year, expecting to deliver between 17,200 and 17,800 homes. The company reported a solid third quarter with a resilient reservation rate of 0.64 private reservations per active sales outlet per week, excluding PRS and MUS, and 0.67 including these segments. Forward sales remain strong at 94% for FY26, amounting to £3.54 billion. The company also anticipates its year-end net cash position to be between £550m and £650m, approximately £150m ahead of previous guidance, due to the timing of remediation payments and reduced land investment. Barratt Redrow has also continued its share buyback program, deploying £33.3m through March 29, 2026.