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This year鈥檚 top housebuilder listings bring to mind the famous introductory sentence to Charles Dickens鈥� A Tale of Two Cities. You know the one: 鈥淚t was the best of times, it was the worst of times 鈥︹�� No prizes for guessing who the principal villain is in this story: covid-19.

The reason for the similarity is that the tables, which are based on most recent published accounts for the biggest housebuilders in the land, tell two conflicting stories, depending upon what time period they cover. Overall, the figures show a slight 鈥� 1.6% 鈥� drop in turnover at these companies, to 拢29.4bn, with Barratt retaining its crown as the nation鈥檚 biggest housebuilder.

Profit dropped a little more significantly, with the average operating margin of 8.7% comparing unfavourably with 12.3% in the previous year, while completions dropped by 4% to fall below 100,000, at 97,640. A distinct downward shift then 鈥� but no obvious reason to panic.

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