Redrow warns surging demand won't be sustained

Pent-up demand and a rush of customers utilising a pause in stamp duty and the help-to-buy scheme pushed Redrow’s (RDW) order book to a record £1.42bn at the end of June, representing annual growth of more than a third. That momentum continued throughout summer, with reservations 12 per cent ahead during the first 11 weeks of the current financial year.