Though in the upper end of the housebuilder’s “expected range” for the period this was lower than the 17,206 built in FY23.

Barratt - which recently was allowed to progress with an acquisition of Redrow - attributed this to a lower private order book and lower average outlet numbers.

Adjusted gross profit for FY24 was also down, with £689m compared to £884m the year before.

This was largely due to a 21% fall in revenue between the periods.

In FY24, Barratt recorded £4.2bn in revenue while this had been £5.3bn in FY23.

At this point in the calendar year, Barratt is entering FY25 with a forward sales position of 42% which is lower than the 45% recorded this time in 2023.

Though the group takes confidence from the government’s recent moves to support housing development, and the progression of the Redrow acquisition, the group is still reducing its delivery outlook for the next year.

Though in the upper end of the housebuilder’s “expected range” for the period this was lower than the 17,206 built in FY23.

Barratt - which recently was allowed to progress with an acquisition of Redrow - attributed this to a lower private order book and lower average outlet numbers.

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Adjusted gross profit for FY24 was also down, with £689m compared to £884m the year before.

This was largely due to a 21% fall in revenue between the periods.

In FY24, Barratt recorded £4.2bn in revenue while this had been £5.3bn in FY23.

At this point in the calendar year, Barratt is entering FY25 with a forward sales position of 42% which is lower than the 45% recorded this time in 2023.

Though the group takes confidence from the government’s recent moves to support housing development, and the progression of the Redrow acquisition, the group is still reducing its delivery outlook for the next year.

Given the profile of land acquisitions in the past two years, in July the group reported it would only be able to deliver 13,000 to 13,500 homes in FY25.

“Whilst demand continues to be sensitive to mortgage affordability, and reduced land buying activity during the past two years has had a near-term impact on the number of outlets we are operating from, we are well-positioned to meet the strong underlying demand for new homes of all tenures in the UK,” said David Thomas, CEO of Barratt Developments.

“We welcome the government’s proposed reforms of the planning system as one of the key levers to increase housebuilding, drive economic growth and tackle the chronic undersupply of high-quality, sustainable homes.”