Bumper profits from UK house builders - Telegraph
Both Barratt Developments, the UK's biggest builder by volume, and Galliford Try said they were able to increase their profit margins and build significantly more homes than a year ago. Galliford has doubled its interim dividend.
They also said they were hopeful that a Government mortgage indemnity scheme would encourage far more people to move home.
Mark Clare, the chief executive of Barratt, said: "There is an awful lot of pent up demand. People have been renting for three or four years and many are a bit fed up and they now realise that they are paying more in rent than if they had bought. We are hopeful that this demand will be unlocked."
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