In September 2017, it was announced that Morgan would "ease back" to a non-executive chairman role with Redrow. In that year the shares in Redrow rose 4.3% after the housebuilder reported record results for the fourth year in a row - the company announced that pre-tax profits for the year to 30 June jumped 26% to £315 million, with revenues up 20% at £1.66 billion. Operating profit rose again in 2018 to £382 million. On 18 October 2018 Redrow announced its 100,000th customer since Morgan found the business.