Housebuilder Redrow said it made steady progress in the first 17 weeks of the current financial year with the value of like for like private home reservations up 14% on the same period last year.
"The housing market continues to be challenging; yet despite the seemingly endless negative economic news, underlying demand for new homes remains strong and is anticipated to increase. This should come as no surprise given the UK's chronic under-supply of new housing, spanning many years," said Redrow in a statement ahead of its AGM meeting later today.
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