Barratt to build one in four homes using MMC by 2025

Aaron Morby 5 years ago
Share

Britain’s biggest house builder aims to build a quarter of its homes using modern methods of construction by 2025.

Barratt aims to lift timber frame production after buying offsite specialist Oregon last summer
Barratt aims to lift timber frame production after buying offsite specialist Oregon last summer

Barratt has rolled out a series of new housing types to allow a switch to greater use of offsite production and standardised product use.

Its commitment to driving down build costs using modern methods of construction came as the volume house builder reported a 12-year high in completions, up 9% to 8,314 in the first six months of the financial year.

During this period nearly 18% of homes were delivered using timber frame or large format block against 15% in the previous period.

David Thomas, chief executive, said Barratt planned to increase volumes by 3-5% a year, against a backdrop of some of its rival house builders reining back completions.

In the last six month of 2019, despite impacts from General Election and Brexit uncertainty, Barratt lifted revenue 6% to £2.27bn, generating a pre-tax profit up nearly 4% to £423m.

Operating margin softened slightly over the period to 19%.

He added that Barratt had become the first major house builder to set a science-based target to reduce carbon emissions in its operations by around a third by 2025.

Rival Redrow also revealed its first-half trading today with legal completions down 14% to 2,554 homes.

Pre-tax profit over the six months to December slid 15% to £157m on revenue down 10% at £870m.

John Tutte, executive chairman of Redrow, said that the market was fairly consistent across all of Redrow’s operating areas with London showing some early signs of improvement.

“The market in the first five weeks of the second half has been resilient with the value of reservations up 15% at £180m (2019: £156m).”

Latest news

Elements Europe went down owing supply chain £8.7m

Korean owner kept offsite specialist afloat with £71.8m of loans in bid to stem losses
14 hours ago

Altius and Erith win landmark London tower rebuild

Westminster council advances Huguenot House redevelopment
17 hours ago

Corbyn suppliers left £4.4m out-of-pocket

£33m-turnover civils contractor only employed eight staff
1 day ago

McAlpine to restore England’s largest Victorian water tower

Colchester’s iconic ‘Jumbo’ to be reborn as visitor destination
17 hours ago

Andrew Scott lands £20m Grand Pavilion revamp in Porthcawl

Restoration of landmark Art Deco building gets underway with 2027 finish target
16 hours ago

Keepmoat profit drops 35% as completions slide

Land pipeline expands to 24,400 plots as firm eyes rebound
16 hours ago

Bid race begins for £425m water transfer scheme

Contractors invited to help shape Affinity Water project
16 hours ago

Legacy building defects return to haunt Barratt Redrow

House builder sets aside £248m for Redrow fire and concrete frame fixes
2 days ago

Skanska agrees £153m price to revamp A47 Thickthorn junction

New link roads and underpasses to ease traffic near Norwich
2 days ago

First tower plans go in for £1bn Liverpool Pier Head site

First design will "set tone" of scheme which could contain 60-storey tower
2 days ago

Barhale creates new low-carbon chief board role

Haddon takes board seat while Solomon becomes eastern regional director
2 days ago

Met Police preps £300m framework for estate upgrade

Early market talks start ahead of October bid contest
2 days ago

Raft of SME firms win £94m framework places

More than 50 demolition and asbestos specialists chosen: Full list
2 days ago

GRAHAM gets go-ahead for £110m Boddingtons Brewery revamp

Work to start this summer after Gateway 2 approval secured
3 days ago

Thames Water finance chief joins BAM UK & Ireland

Abigail Farrell-Black joins contractor as new finance head after senior roles at Thames and Southern Water
3 days ago

FM Conway profit jumps to £33m under Vinci

Turnover hits £608m and cash surges £68m just two months into new ownership
3 days ago

McAlpine breaks ground at £1.25bn Port Talbot green steel job

Port Talbot switch to scrap-powered production by 2027
3 days ago

Cappagh lands £136m Portsmouth Water deals

Utility specialist wins AMP8 contracts for infrastructure and smart meters
3 days ago

Rethink over “anti-dumping” tariffs on Chinese diggers

Fair trade body reconsiders ruling after lobbying by manufacturers
3 days ago

Sparks agree near 4% wage increase from 2026

Top hourly rate in London to rise to £26.70 under JIB deal
3 days ago

Morgan Sindall to build new Cambridgeshire school

Latest win for contractor at Alconbury Weald development
3 days ago

BSR backlog swells as new build approvals run to 36 weeks

First official Government figures expose full extent of Gateway project logjam
6 days ago

Repair slowdown drags down construction output

New work activity rises in May despite overall 0.6% output fall
6 days ago

Equans suffers £29m loss as new build exit drags on

Refocused retrofit contractor still dogged by legacy losses despite profitable core work
6 days ago

Scaffolding trade body NASC facing discrimination claim

Former training manager to take trade body to Employment Tribunal
6 days ago

ACS lands lead role on Stafford transformers lab

Contractor to start main £20m expansion in live site environment
6 days ago

GRAHAM sees profits rise despite dip in turnover

Record order book as contractor confident about future prospects
6 days ago

Nixon Hire sells 200-strong welfare van fleet to Sunbelt

Sunbelt more than doubles mobile site welfare capability
7 days ago

Henry family and directors face claims topping £31m

Administrators chasing dividend payout, unpaid loans and family benefits
7 days ago

Vistry eyes second-half affordable homes work surge

Government rent reforms and funding pledges power-up work pipeline
7 days ago