Barratt Redrow has reiterated its profit before tax guidance of £568m for the current financial year, with a range of between £534m and £586m.

The housebuilder added in a Q3 update that its total home completions for the 2026 financial year remain unchanged at between 17,200 and 17,800 houses, including 600 joint venture properties.

Barratt Redrow said that it had recorded a “solid” Q3, as its net private reservation rate, excluding private rental sector (PRS) and other multi-unit sales (MUS) reservations, increased by 3.2% year-on-year to 0.64.

Furthermore, its net private reservation rate including PRS and MUS reservations increased by 6.3% to 0.67 in this period.

Barratt Redrow also reported that it is 94% forward sold for the current year, with total forward sales totalling almost £3.54bn, marking a 12.7% increase year-on-year.

In its outlook, the housebuilder stated that its year-end net cash is now expected to be £150, ahead of its previous guidance and is expected to stand at between £550m and £650m.

Chief executive at Barratt Redrow, David Thomas, said: "Despite heightened macroeconomic uncertainty, we expect the Middle East conflict to have limited impact on FY26 performance, given our strong forward sales position and advanced build programme. We are therefore on track to deliver total housing completions and adjusted profit before tax in line with consensus expectations.

"Looking ahead, we have a proven track record of navigating uncertainty and remain confident in our financial strength and ability to adapt to changing market conditions. We will continue to closely monitor developments while maintaining a disciplined approach to capital allocation, selective land investment and rigorous cost control."

Following the update, shares in Barratt Redrow jumped by over 2%.

Investment director at AJ Bell, Russ Mould, said that despite the conflict in the Middle East and the implications it has for inflation and interest rates, Barratt Redrow’s update provides a “modicum of relief” for the housebuilding sector.

He concluded: "There is a sober acknowledgement that inflationary pressures are likely to be felt more acutely through the course of 2026. While it may owe much to the timing of remediation payments, investors will be pleased to see a higher-than-expected cash buffer expected at Barratt by the year end.

"A strong balance sheet could help the company navigate what could be a tricky period. What was expected to be a relatively smooth road ahead, with easing rates and inflation helping Barratt and the rest of the industry to rebuild profitability, now looks littered with potholes."

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