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

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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