London Daily

Focus on the big picture.
Thursday, Jul 10, 2025

Almost all UK housebuilders' revenues fell as fewer homes built during covid

Almost all UK housebuilders' revenues fell as fewer homes built during covid

Only one of the biggest housebuilders in Britain has seen an increase in its revenue and built more homes in 2020, new research shows.

The latest research from Warwick Estates has revealed that Vistry Group was the only major house builder which saw improved performance in terms of the number of houses delivered, and in revenue.

The company built 6,131 homes in 2020 – almost 60 per cent more compared to the previous year. It also saw an uplift in revenues of just under 80 per cent – the only housebuilder to see positive movement.

The London-listed housebuilder rapidly expanded its land bank over the last year as it ramped up home building activity.

It also increased its controlled land bank by c.1,600 over the last 12 months, it said in a trading updated published last week.

Persimmon developed the most homes with 13,575 in total but this still represented a 14 per cent decline compared to 2019. Barrat also delivered over 12,600 homes to the market despite a 29 per cent drop compared to its pre-Covid numbers. Bellway, too, saw a 9 per cent year on year decline despite building almost 12,000 new homes.

Of the eight housebuilders Warwick Estates analysed, Taylor Wimpey suffered the worst decline, at almost 40 per cent, in the number of houses it delivered – resulting in less than 10,000 homes being built.

Redrow saw the greatest drop in revenue at 37 per cent, as a result of the pandemic.

Bethan Griffiths, the chief operating officer of Warwick Estates, said that, in spite of the booming property market buoyed by the stamp duty holiday, the pandemic has been “problematic for the nation’s housebuilders, to say the least” in a statement.

She blamed the “ongoing and ever-changing restrictions,” for the decline in the number of homes built in Britain, and the subsequent fall in revenues.

“However, now that we are working our way back to some form of total normality,” Griffiths said, “we expect these vital cogs of the property market to dust themselves down, roll up their sleeves and bounce back.”

Warwick Estates analysed eight of Britain’s biggest housebuilders based on the latest data available on revenues and how they performed in 2020 when compared to 2019.

Newsletter

Related Articles

0:00
0:00
Close
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
×