Barratt Redrow has reported a solid performance in Q3 of the financial year, remaining on track to deliver on its completions and profit forecasts, and does not expect the Middle East conflict to have too much of an impact on its full-year performance.
In a trading update for the 13-week period from 29 December 2025 to 29 March 2026, the housebuilder saw its net private reservation rate, excluding the private rental sector (PRS) and other multi-unit sales (MUS), rise by 3.2% year-on-year to 0.64.
Including PRS and MUS, the net private reservation rate stands at 0.67, up 6.3%, which Barratt Redrow says reflects an increase in PRS and MUS activity during the period.
The housebuilder says it is now 94% forward sold for FY26, with total forward sales (including joint ventures) as of 29 March standing at £3,539.2million, up from £3,138.6million the previous year.
In line with its FY26 guidance, Barratt Redrow operated from an average of 408 outlets in the period, down from 419 in 2025, and it continues to expect to operate from c.405 average sales outlets, including JVs, throughout FY26.
The housebuilder launched 32 new sales outlets in the period, including its first two synergy sales outlets with both Barratt Homes and David Wilson Homes outlets added to the Redrow site at Curborough Fields, Lichfield. With the first synergy sales outlets now open, the housebuilder says it is ahead of schedule and is now on track to open a further six such outlets by the year-end, 22 in FY27, with the balance of 15 sales outlets scheduled to launch in FY28.
Barratt Redrow says that it remains on track to deliver total home completions of between 17,200 and 17,800 (including c.600 JV) home completions for the full year.
David Thomas, chief executive of Barratt Redrow, commented: “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.”
“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.”
