Youngs Consultancy
Written by Daley Young Almost 50,000 new homes were built in the first three months of this year, the highest quarterly figure for more than 20 years, according to the latest government housebuilding figures. Building control data from the Ministry of Housing, Communities and Local Government for England from January to March 2021, showed that 49,470 home completions were
Written by Daley Young David Jervis, former boss of Spitfire Bespoke Homes, has been appointed to head Exeter-based Burrington Estates’ new Midlands division. Jervis, a former chartered surveyor and now MD of Burrington Estates Midlands, has built a track record of establishing housebuilding ventures in the Midlands, setting up Spitfire in 2010 as the residential arm of IM Properties.
Written by Daley Young Vistry Group has had a “very positive start to the year”, with higher than expected Housebuilding completions helping to drive a pre-tax profit for FY 2021 ahead of original expectations. Giving an update for the period from January 1 2021 to date, the housebuilder said that its private sales rate per site per week during
Written by Daley Young Since the start of the year Barratt has “performed well” with the business expecting to increase wholly owned completions to between 16,000 and 16,250 homes for its full year, a rise from recent expectations. During the period from January 1 to May 2 2021, the volume housebuilder delivered 4,481 total completions against the 3,504 of
Written by Daley Young Persimmon has reported a “strong start” to the year, with its current forward sales 23% ahead of last year and 11% improved on the same point in 2019. Giving a trading update on the year to date, the volume housebuilder said its current forward sales position was £3 billion against 2020’s £2.4 billion. The average
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