Barratt Redrow has reported a stable third quarter performance, with reservation rates and forward sales holding firm despite wider economic uncertainty affecting the UK housing market.

The update covers the 13-week period from 29 December 2025 to 29 March 2026, with the housebuilder maintaining its full-year guidance for completions and profit.

The group recorded a net private reservation rate of 0.64 per outlet per week, slightly up on the previous year. Including private rental sector (PRS) and multi-unit sales, the rate increased to 0.67.

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Forward sales remain a key indicator of performance, with the business now 94% forward sold for FY26. Total forward sales reached £3.54bn, up from £3.14bn a year earlier, while the total order book increased to 11,395 homes.

Barratt Redrow expects to deliver between 17,200 and 17,800 homes over the full financial year, in line with previous guidance.

Chief Executive at Barratt Redrow, David Thomas said: “Barratt Redrow had a solid third quarter, with a resilient reservation rate underpinned by good customer demand. Despite heightened macroeconomic uncertainty, we expect the Middle East conflict to have limited impact on FY26 performance, given our strong forward sales position and advanced build programme. We are therefore on track to deliver total housing completions and adjusted profit before tax in line with consensus expectations.”

Construction activity and outlet strategy

During the period, the group operated from an average of 408 sales outlets and launched 32 new sites, including early examples of combined Barratt Homes and David Wilson Homes developments.

Total completions for the quarter reached 3,274 homes, bringing the year-to-date total to 10,718. The lower quarterly figure reflects a stronger comparative period in 2025 ahead of the end of stamp duty relief.

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The company expects to increase outlet numbers in FY27, targeting between 425 and 435 average outlets.

Barratt Redrow maintained its guidance for build cost inflation at around 2% for FY26, with expectations of higher pressure in the second half and into FY27, particularly linked to energy costs and materials.

The company highlighted its scale and supply chain relationships as key factors in managing cost pressures, alongside flexibility in construction methods, including the use of timber frame systems.

Land acquisition activity has reduced compared to the previous year, with 4,010 plots approved year-to-date. This reflects a more selective approach to land buying amid ongoing uncertainty.

The company now expects full-year land approvals to fall between 7,000 and 9,000 plots, below earlier guidance, with total land spend also reduced.

Financial position and long-term outlook

Barratt Redrow expects year-end net cash to reach between £550m and £650m, supported by lower land investment and timing of remediation costs.

The company also continues its £100m share buyback programme, with £83.7m completed to date.

David Thomas added: “Looking ahead, we have a proven track record of navigating uncertainty and remain confident in our financial strength and ability to adapt to changing market conditions. We will continue to closely monitor developments while maintaining a disciplined approach to capital allocation, selective land investment and rigorous cost control.”

The group retained its five-star homebuilder rating for the 17th consecutive year, while integration work following the Redrow acquisition continues, with cost synergies expected to reach £100m by the end of 2027.

Despite ongoing geopolitical and economic uncertainty, the company said its strong order book, landbank and financial position provide a stable platform for delivery through FY26 and beyond.