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Redrow said this morning that it was keeping sites open for now, with workers adhering to social distancing.

In a trading update to the City which did not refer to the prime minister鈥檚 announcement last night of further substantial restrictions on movement, the housebuilder said it was also implementing 鈥渁dditional hygiene facilities鈥�.

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However it said it was abandoning its planned dividend after seeing  a substantial drop in site visitors and an increase in cancellations due to the coronavirus pandemic.

The firm admitted that it was 鈥漣nevitable our sales rate will be seriously impaired over the coming weeks and build output will be significantly affected by labour and material shortages鈥�.

It added: 鈥淲e also expect outlet openings to slip as local authorities delay planning committee meetings.鈥�

Sales last week were reportedly in line with the previous year but Redrow confirmed that 鈥渧isitors to site were substantially down and the cancellation rate increased鈥�.

It is the first housebuilder to admit that the covid-19 outbreak has affected visitors to sites, with previous statements merely saying that an impact was expected.

The firm said it was cancelling its planned 拢37m interim dividend due on April 5, had put on hold land-buying activity and was working to reduce 鈥渨ork in progress鈥�.

It announced net debt of 拢116m, but expects this to reduce substantially over the next month as sales of reserved homes complete.

Redrow is the fourth housebuilder to cancel dividends in the wake of the coronavirus pandemic, following on from Berkeley, McCarthy & Stone and Crest Nicholson.