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Homes limit set

FINANCE

BARRATT, the UK's largest house builder in terms of volume, will restrict the number of steel framed homes it builds to around 300 this year.

Chief executive David Pretty said: 'The concept has considerable potential, particularly with the growing Government emphasis on modern methods of construction.

'We will be controlling output while we refine production techniques and onsite erection procedures.'

In the year to June 2004, Barratt sold 14,021 homes at an average price of £166,000, which generated pre-tax profits of £367.7 million - up £79 million on the previous 12 months.