Redrow hails greater certainty

The mist may be lifting for housebuilders such as Redrow (RDW), after December’s election ushered in a greater degree of political certainty. Closing new home sales had taken longer last year due to increased circumspection among buyers, but the FTSE 250 group ended the year with a record number of private reservations, which were up almost a fifth in value compared with the same time in 2018.