Trading update says wider confidence being dented by Iran conflict

Henry Boot’s housebuilding remains on track to build up to 220 homes as it continues to integrate into its parent business.

The land promotion and development business announced in December 2024 its plans to acquire the 50% share of Stonebridge Homes that it did not already own.

In a trading update today, it said the Leeds-based housebuilder had “implemented its reset plan and is increasingly integrated into the group”.

henry boot

Henry Boot said confidence was being affected by the Middle East conflict

It said customer demand had been “resilient” but “softened” in recent weeks, with an overall net private reservation rate equivalent to last year at 0.41 for the 18 weeks to 17 May 2026.

Stonebridge is now 58% forward sold for 2026 and is on track to deliver home completions between 200 and 220.

The update said that all of its businesses had started the year well but that there had been “early signs” that the Middle East conflict was “affecting confidence levels”.

“Buyers are generally more considered in their approach, and larger transactions in particular are taking longer to complete,” it said.

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