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Birmingham Post
Birmingham Post
Business
Tom Pegden

Barratt boss says upturn in homes market could be round the corner

The boss of Britain’s biggest housebuilder says new home sales are looking up despite the tough economic climate.

Chief executive David Thomas said the number of homes being reserved by buyers had continued to bounce back after struggling at the end of 2022. The Leicestershire-based builder said reservations were two-thirds of what they were last spring – but well up on where they were at the end of last year.

Mr Thomas said: “In February we reported early signs of recovery in our reservation rates following the exceptionally challenging trading conditions experienced at the end of 2022.

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