Barratt build rates down 16% despite recent uptick in sales

Britain’s biggest house builder Barratt has seen an uptick in sales in recent weeks raising hopes that the market is recovering from the lows experienced at the end of last year.
But despite signs of improved sales during the Spring selling season, total forward sales in mid-April were still 29% down year on year.
In a trading update this morning, Barratt revealed, construction activity has been adjusted to the slower trading backdrop with 303 equivalent homes built per average week, 16% d