- Analysts increase earnings forecasts for Barratt, Bellway and Redrow this year
- However, broader market uncertainty could derail the pace of recovery
Analysts upgraded earnings forecasts for a trio of major housebuilders after they reported a sharp recovery in completions since the summer and strong reservation rates.
Barratt Developments (BDEV), Bellway (BWY) and Redrow (RDW) attributed record levels of completions to the stamp duty break and a higher level of work in progress following the first lockdown in March.