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Barratt Developments forward sales up 2.5% YOY

Barratt Developments PLC's total forward sales for the period between Jan. 1 and May 6 were up 2.5% year over year to a record £3.29 billion.

The U.K. homebuilder expects to approve the purchase of more than 20,000 plots for the financial year ending June 30, compared to 18,497 for its previous financial year.

The weekly sales rate in the period remained flat year over year at 0.80 net private reservation per active outlet, while weekly net private reservations averaged at 302, compared to 299 in the year-ago period.

Barratt launched 33 new developments during the period.