Barratt has recorded its 11th year of uninterrupted growth

The firm reported pre-tax profits for the year to June 30 had risen to �288.7m ($477.7m).

Barratt also announced it had already racked up record forward sales of �800m - up 29% - adding it was well placed to continue such progress.

The company said: "We have an unrivalled track record in the industry and we are in a good position to continue our growth.

"The market across the country remains sound and sufficient."

Demand boost

The firm has benefited from cheap mortgages - a result of UK interest rates being at 48-year lows - and housing shortages in parts of the UK which helped boost demand.

Barratt said UK completions had risen nine percent during the year to 13,304, while turnover was up 21% at �2.2bn.

It added the "outstanding performance" had helped the group record its 11th consecutive year of uninterrupted growth.