Housebuilder Cairn Homes said that while not weakening customer sentiment, the ongoing geopolitical volatility has impacted build cost inflation, which is now running at about 2.5%.
"We will remain alert to the conflict in the Middle East and any further inflationary pressures that may result as the year progresses, however, as things stand today we do not expect there to be a material impact on our full year outlook," it said.
Ahead of its AGM today, Cairn Homes said in a trading update that its closed and forward order book now stands at about 3,850 new homes, an increase of about 400 new homes in the eight weeks since it reported its full year reuslts in March.
It said it expects this growth to continue, with further spring launches planned in the coming weeks - mainly targeted at First Time Buyers - and a strong pipeline of apartments on large mixed tenure schemes for its state partners and private buyers supported by the Croí Cónaithe (Cities) scheme.
"This continued momentum, supported by our prior year investment in operational scaling will deliver a strong H1 outturn, underpinning our full year growth," the company said.
Cairn said it is firmly positioned to achieve significant growth, delivering about 6,000 new homes between this year and next, including about 3,200 homes in 2027.
