Barratt Redrow Home Completions Fall 12.1% on Housing Demand
The British homebuilder reported a 12.1% decline in completions over the 17 weeks to October 25, citing elevated mortgage and interest rates weighing on demand.
Story updates
07:28:03 AM UTC
SquawkNews
British homebuilder Barratt Redrow LSE:BTRW on Wednesday posted a 12% fall in home completions and pointed to slower bookings by individual buyers in the 17 weeks to October 25, as elevated mortgage and interest rates weighed on demand.Higher rates have exacerbated a slowdown in the UK housing sect…
British homebuilder Barratt Redrow LSE:BTRW reported a 12.1% fall in home completions for the 17 weeks to October 25 on Wednesday as elevated mortgage and interest rates weighed on housing demand.