Housebuilder upping use of modern methods despite economic uncertainty
Housebuilder Barratt said it is continuing to target building a quarter of all its homes from modern construction methods.
It said that it was now using newly-designed MMC-compatible house types on three quarters of all schemes. It said it was continuing to “develop, trial and implement” MMC, and “aim to use [it] in the construction of 25% of our homes by 2025.”
Barratt’s MMC drive has so far seen it shun full modular construction in favour of less radical technologies, such as timber frame construction.
In a trading update yesterday (Wednesday), the firm said trading was steady in the first few months of its new financial year.
The firm said sales rates for the first 15 weeks of the trading year were, at 0.72 sales per site per week, exactly the same as the same period last year. Forward sales, it said were also on a par, with 12,963 homes sold against 12,903 at the same date in 2018.
But it said it had only opened 26 new sites in the period, compared to 53 in the prior year.