Youngs Consultancy
Written by Daley Young Vistry Group achieved an adjusted pre-tax profit ahead of expectations in 2020, with total completions for the year at 6,131. However, the firm reported that its Housebuilding business was particularly affected by Covid-19 in the first half. During the year ending December 31 2020, the business achieved an adjusted pre-tax profit of £143.9 million, ahead
Written by Daley Young The housebuilding industry has broadly welcomed measures announced in the Budget, including an extension to the stamp duty holiday to the end of June and the introduction of a mortgage guarantee scheme from April. “The extension of the stamp duty holiday is welcome and will allow people whose home completion has been delayed as a
Written by Daley Young Barratt Developments has delivered an “excellent” first half performance, it reported this month, with completions, revenue and profit up on HY 2019. The volume housebuilder’s total completions rose 9.2% to 9,077 homes during the six months to December 31 2020 against the equivalent period the previous year. Its revenue increased 10.1% to £2,494.7 million, with
Written by Daley Young Berkeley’s pre-tax profit fell 16.6% during its first half year it reported last week. During the six months to October 31 2020, the housebuilder’s pre-tax profit dropped to £230.8 million from HY 2019’s £276.7 million. With the impact of Covid-19 permeating the period, Berkeley’s home sales dropped from last year’s 1,389 to 1,104. Their average
Written by Daley Young Vistry Group is on track to deliver a full year pre-tax profit at the top end of its expected range of £130 million to £140 million it reported in the latest trading update. The group said that during the period from July 1 to November 11 2020, its homes demand had remained “consistently strong” at
Written by Daley Young Persimmon continues to perform strongly despite the challenges of Covid-19 and has today (November 10) reported it is set to achieve a “good result” for 2020. During the period from July 1 to November 9 2020, the volume housebuilder’s average private weekly sales rate per site was 38% ahead of 2019. Persimmon said that stable selling
Written by Daley Young Redrow has seen “strong trading” since the start of its financial year with reservation values and homes turnover up on the equivalent period last year. During the 18 weeks to October 30 2020, the housebuilder said its homes turnover climbed 48% against last year to £657 million. The value of its net private reservations rose
Written by Daley Young The Home Builders Federation (HBF) and the Ministry of Housing, Communities and Local Government (MHCLG) published a joint communique confirming the government’s position regarding the ongoing operations of the home building industry during the national lockdown in England that begins on Thursday November 5. The message to the housing industry, signed by housing secretary Robert Jenrick and
Written by Daley Young Reporting on its results for the year ending July 31 2020, Bellway said that during the period its housing completions dropped 30.9% against the previous year to 7,522. The housebuilder also said financial performance has been “significantly affected” by the coronavirus pandemic but like other housebuilders it has seen strong sales since lockdown. Pre-tax profit plummeted
Written by Daley Young Countryside has seen its mixed-tenure housing model prove resilient this year in the face of the Covid-19 pandemic and the firm has continued to see strong demand for all tenures of housing. In a trading statement covering the year ending September 30, Countryside said it completed 4,053 homes (2019: 5,733 homes) of which 1,454 were