Reservation rates at two major housebuilers are recovering (PA)
(Picture: PA Archive)There were more signs today that the disruption in the housing market was easing after the turmoil that followed the budget proposals of the short-lived government of Liz Truss.
Amid a series of updates from the sector, FTSE 250 housebuilder Redrow said that the market “appears to be finding a new, natural level.” The assessment came as it reported first-half revenue of £1.03 billion, around the record of £1.05 billion hit last year, with profit for the period slipping to £198 million from £203 million.
