Redrow specialises in detached, 4-bedroom family homes and demand has soared after Covid
(Picture: Redrow press image)Changing commuting patterns after Covid have helped Redrow, the FTSE 250 developer, take its profit past pre-pandemic levels to a new record, while rising interest rates are not yet a threat to demand.
Its chief executive, Matthew Pratt, told the Standard there is “still some way to go” before the rising cost of home loans bites into the industry.
