Redrow’s record forward sales provides “cushion” in softening market

July 6, 2005
Starting the financial year with a record forward sales position has enabled Redrow to largely weather this year’s softening market, according to its pre-close trading update, issued this week. The firm’s average selling price is up 11% on last year, standing at £172,000, with forward sales “ahead of the historic norm,” according to the statement. Redrow Homes’ year-end operating margin …

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