Shares in housebuilder Barratt Developments rose today as the company reported “continued strength in customer demand” over the summer.
Britain’s biggest housebuilder’s market value surged by 6.3% to 682.2p, after it reported that it delivered 3,699 homes between July and October.
Its order book grew to £3.94m, as buyers waited to move into 15,393 of its homes. Average prices came in at £331,400, about £15,000 more than this time last year.
Elsewhere on the markets, fellow blue-chip housebuilders Taylor Wimpey and Persimmon enjoyed share price rises of 4% to 155.3p and 3.6% to 2,657p, respectively.
That came despite significant supply chain issues for the industry, with construction costs having risen sharply in recent months.
The FTSE 100 ended the day up 0.2% at 7,141.8 points, while the FTSE 250 rose 1% to 22,685.8 points.
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