During the period, the housebuilder achieved a net private reservation rate of 0.572 per week, slightly below last year’s 0.59, but this year’s figure excludes any sales to the private rental sector or other multi-unit deals, which previously contributed 0.04. The group secured 228 net private reservations per week, compared with 255 in the same period last year, operating from an average of 402 sales outlets.

Completions rose 7.9% year-on-year to 3,665 homes, while the forward order book remained stable at 10,669 homes valued at £3.28 billion, broadly consistent with the previous year’s £3.21bn. Barratt Redrow is currently 60% forward sold for FY26 private completions.

Alison Condie, regional managing director for Scotland, said: “We have delivered a resilient performance over the period despite challenging market conditions and increased uncertainty ahead of the November Budget.

“In the long term, the fundamentals of UK housing demand are unchanged, and Barratt Redrow is uniquely well positioned with three strong consumer brands, a high-quality land bank, and the financial strength to invest through the cycle.

“It is essential that government policy continues to prioritise planning reform, removes barriers to investment and, crucially, supports homebuyers, especially first-time buyers, if the sector is to accelerate volumes to help meet the country’s housing needs.”

Barratt Redrow confirmed that it remains on track to deliver £100 million of cost synergies, with £80m now secured, an £11m increase since June 2025. Around £45m of these savings are expected to be realised during FY26.

The integration of Redrow’s head office functions is well advanced, with teams restructured and overheads reduced. The transition of Redrow onto Barratt’s operating systems, initiated in April 2025, is due for completion during FY26. Procurement harmonisation continues to drive efficiencies by leveraging the Group’s combined purchasing power.

On the revenue side, 26 planning applications for incremental sales outlets have been submitted (up from 16 in June), with 13 approvals secured to date. The group remains confident of opening 45 new sales outlets by FY28.

At 29 June 2025, the group’s total owned and controlled land bank stood at approximately 100,000 plots, equivalent to 6.2 years of supply. This includes around 87,700 owned plots and 12,300 contracted or controlled plots. Of the owned plots, 68% have detailed planning consent, ensuring strong visibility of future delivery.

The group also holds approximately 145,000 strategic plots, complemented by Gladman’s 114,000-plot promotional land portfolio. Land acquisition is expected to remain broadly at replacement levels over the next two to three years, with a growing share sourced from strategic land.

Outlook and industry context

Barratt Redrow has reaffirmed its FY26 guidance for total completions between 17,200 and 17,800 homes, with around 40% expected in the first half of the financial year. The company cautioned that performance remains dependent on typical seasonal trading patterns and the potential impact of the November Budget on buyer demand.

The group emphasised its continued focus on operational efficiency, disciplined land investment, customer service, and sustainability, noting that it remains “well positioned” to navigate the remainder of FY26 with its strong brands, balance sheet, and forward sales position.

Julie Palmer, partner at Begbies Traynor, commented: “Despite a cloudy haze covering the housebuilding and construction sector, Barratt Redrow is yet again delivering shafts of sunlight through the gloom.

“The question smaller companies in the industry will be asking is whether they can win connected work to bask in and benefit from the glow.

“Barratt Redrow’s own performance highlights the growing polarisation between large national housebuilders and smaller developers who may not have the headroom to absorb rising costs. While these results are positive for the sector, a healthy mix of small, medium and large firms will be essential to meeting housing targets and driving growth across the industry.”