Newly merged housing developer Barratt Redrow said the market was starting to become more stable due to improved mortgage affordability and availability.
In its latest trading statement, housebuilders pointed to their confidence in the new government's plans to overhaul the planning system and boost the affordable housing sector, saying plans will take time to take hold. However, it said deliveries of new homes across the UK were likely to ramp up. . 
The company said in a stock market statement: “Customer demand remains sensitive to the broader economy, but market conditions are starting to become more stable due to increased mortgage availability and affordability.
“While it will take time for customer confidence to fully recover from the macroeconomic headwinds we have faced over the past two years, we are encouraged by the solid trading we have experienced in recent weeks.”
Barratt Redrow's total home completions will increase from 16,600 to 17,200 homes for the full year 2025, reflecting unchanged guidance for Barratt's standalone operations and the incorporation of Redrow's order book and experience from 22 August 2024. It is expected that this will happen.
