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Strictly,

One reason I like Redrow more than others is that the founder Steve Morgan is still the biggest shareholder, and still holds a very large chunk of the company.

Thanks Strictly

Housing Secretary Robert Jenrick announced the government’s plans for housebuilding across England. This will regenerate numerous cities, especially those in the north and Midlands.

The government’s plans will encourage more housebuilding in the 20 largest cities and urban centres in England. The plans will regenerate these cities and bring housing to areas where demand is outstripping supply.

The plans set out for delivering more homes across England are also expected to boost local economies through supporting jobs in the construction sector and revitalising high streets with footfall from new residents. This will especially help areas struggling to recover from COVID-19.

https://www.buyassociation.co.uk/2020/12/29/government-plans-for-housebuilding-set-to-regenerate-and-boost-cities/

Housing Secretary Robert Jenrick announced the government’s plans for housebuilding across England. This will regenerate numerous cities, especially those in the north and Midlands.

The government’s plans will encourage more housebuilding in the 20 largest cities and urban centres in England. The plans will regenerate these cities and bring housing to areas where demand is outstripping supply.

The plans set out for delivering more homes across England are also expected to boost local economies through supporting jobs in the construction sector and revitalising high streets with footfall from new residents. This will especially help areas struggling to recover from COVID-19.

https://www.buyassociation.co.uk/2020/12/29/government-plans-for-housebuilding-set-to-regenerate-and-boost-cities/

Housing Secretary Robert Jenrick announced the government’s plans for housebuilding across England. This will regenerate numerous cities, especially those in the north and Midlands.

The government’s plans will encourage more housebuilding in the 20 largest cities and urban centres in England. The plans will regenerate these cities and bring housing to areas where demand is outstripping supply.

The plans set out for delivering more homes across England are also expected to boost local economies through supporting jobs in the construction sector and revitalising high streets with footfall from new residents. This will especially help areas struggling to recover from COVID-19.

https://www.buyassociation.co.uk/2020/12/29/government-plans-for-housebuilding-set-to-regenerate-and-boost-cities/

The prices are rising only because there's a shortage of homes.A lot more homes need to be built in the country stabilize the prices.

Theosus
Sorry, I don't know that either.

strictlybricks,
I'm interested to know your views on Redrow.
How would you compare Redrow to Barratt, Wimpey? It seems much better on value terms and have been producing profits well above the analysts expectations in the recent past.

It takes more than a week for a vaccine to be effective. You don't get immunity straight away.

At the beginning of 2020 RDW was trading at a higher price than BDEV. RDW has produced better profits than BDEV and has higher tangible book value per share. This share has some catching up to do.Rdw is likely to trade at higher price than Barratt after the results are announced in the first week of feburary IMO.

The housebuilding is sector which can get this country out of recession. It is said that around forty other industries are linked to it. The government has to support this sector more than ever to support the economy. The housebuilders are likely to do very well in 2021 IMO.

All the housebuilders that suspended payouts have either resumed paying dividends or announced their intention to recommence paying them.

Despite some economic uncertainty the housebuilding sector is in good shape, and is the main sector which can get this country out of recession. It is said that around forty other industries are linked to this sector. The government has no choice but to support this sector. The housebuilders are likely to do very well in 2021 IMO.

When the pandemic set in, the firms declared that their dividend would be postponed or cancelled. Slowly but surely, construction work recommenced in late spring and early summer.
All the housebuilders that suspended payouts have either resumed paying dividends or announced their intention to recommence paying them.
Despite some economic uncertainty the housebuilding sector is in good shape, and is the main sector which can get this country out of recession. It is said that around forty other industries are linked to this sector. The government has to support this sector, they have no other choice IMO.

Barratt likely to reveal bumper sales for the first half in their announcement next week IMO.

Mortgage predictions for 2021

https://www.which.co.uk/news/2020/12/mortgage-predictions-for-first-time-buyers-homeowners-and-buy-to-let-landlords-in-2021/

Redrow has almost always beaten the brokers forecast by a very big margin. It should produce well over 50p per share in the first half and more than a pound for the full year ending June 2021 according to my calculations. DYOR.

" Pricing has remained firm with modest gains in the regions. The average selling price of private reservations for the first 18 weeks was 2% up on last year at £396,000 (2020: £389,000 excluding the PRS sale).
Homes turnover for the 18 weeks to 30 October 2020 was 48% up on last year at £657m. This strong performance has not depleted the total forward order book which currently remains close to record levels at £1.5bn, a 10% increase on this time last year. "

Trading Announcement 12-Jan-2021

14/01/21 FY 2020 Sales and Revenue Release - Trading Update

Trading Announcement 08-Jan-2021

Redrow likely to produce bumper results for the first half. Interim results expected to be announced in the first week of Feburary.