Barratt Developments, the UK’s largest housebuilder, today showed how a “marked slowdown” in the market hammered its order book, as the cost of living crisis and higher mortgage costs bite.
Barratt said its forward order book, which includes properties in its joint venture projects, dropped to 10,511 homes valued at £2.5 billion as at the end of December. A year earlier it was 14,818 homes at £3.8 billion.
