New home reservations at housebuilder Barratt have dropped amid concerns over the state of the economy, rising interest rates and more expensive mortgages.
However, Britain’s biggest home builder said despite the uncertain outlook re-tax profits are set to be in line with expectations at around £972 million.
The Leicestershire-headquartered business said net new home reservations for the last three months were down to 188 a week from 281 a year before.
