Monday January 27, 2020

Cairn bullish as demand for new homes outstrips supply

Housebuilder expects to capitalise on economic climate and ongoing housing shortage

Killian Woods

Business reporter

@killianwoods
16th January, 2020
Michael Stanley, Cairn’s co-founder and chief executive, said the company was looking forward “with real confidence to 2020 and beyond”. Picture: Feargal Ward

Cairn Homes, one of the country’s biggest housebuilders, said it is well-placed for further growth due to the economic climate and the shortage of new homes.

The company today issued a trading update for 2019 before the release of full results for the year in March. It said it expected final results for last year to be “very strong”, with a total of 1,820 closed and forward-sold residential homes.

It said 1,080 customers...

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