Barratt chief executive Mark Clare has said the housebuilder will look to enter more joint ventures in the wake of huge cuts to the government's social housing budget.rnThe company sold just 2,528 private plots in the 20-week period to 14 November, compared with 3,336 in the same period last year.rnThe firm's revenues were up 9 per cent against the same period last year thanks to selling larger homes and fewer flats. But Barratt joined Persimmon,Taylor Wimpey and Redrow in blaming the lack of mortgages available to first-time buyers for weaker than expected autumn trading.rnThis lack of private demand is coupled with a 74 per cent cut to the Department for Communities and Local Government's communities budget outlined in the Comprehensive Spending Review.
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