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TEMPUS

Barratt Developments: Housebuilder’s foundations remain strong

The Times

Construction workers might be none too chuffed about it, but Britain’s biggest housebuilder has told them to pick up their tools and go back on site.

From Monday, Barratt Developments is planning to reopen 180 locations across England and Wales — about half of its total — amid a phased return to work as the sector tries to haul itself out of a virus-induced crash.

Not only have builders not been able to work on new homes, but selling their stock has been all but impossible, not least after the government recommended that buyers and sellers put moves on hold. There are predictions that when the housing market opens again prices could tumble by as much as 33 per cent, putting a serious dent in