Record number of completions for Barratt

Barratt has delivered its highest number of completions for 11 years in the 12 months to the end of June with profit before tax expected to be ahead of expectation at around £910 million against £835.5 million last year. Today issuing a trading update for the year, Barratt said it had completed 17,856 homes including

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Registrations rise – NHBC

Private sector registrations climbed 9% between March and May 2019 against the same period last year, according to the NHBC’s latest figures. During this rolling quarter, 31,322 private sector homes were registered to be built. Registrations for affordable and rental homes climbed 21% to 12,663 year-on-year. In London, the number of new homes registered more

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Affordable homes launched by L&G

Legal & General has launched its first affordable homes under its Affordable Homes division. The first four developments consist of 278 new homes in Croydon, Cornwall, Dunstable and Shrivenham where L&G will deliver social and affordable rental homes, grant-supported shared ownership homes and section 106 schemes. 3,000 affordable homes are planned to be delivered annually

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“Excellent” first half growth for Countryside

Countryside says it has achieved “excellent growth” in its first half, with a 27% rise in revenue to £507 million on a 43% lift in total completions against the equivalent period in 2018. During the 6 months to March 31 2019, the home builder and regeneration partner achieved 2,362 completions in total (combining its Housebuilding

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Redrow a “premium alternative”

Redrow announced its set to launch a national TV advertising campaign, aimed at challenging “outdated perceptions” of its new homes. The housebuilder’s “They Say…” campaign promotes Redrow as a “premium alternative” to second hand homes while aiming to transform existing myths revealed in a Zoopla Smarter Property Solutions Survey. While the survey of 600 adults

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NHBC sees registrations grow

April saw the number of homes registered to be built in the UK rise 21% compared to the year before, according to NHBC’s latest figures. In April, 13,527 new homes were registered. Of these, private sector registrations climbed to 9,972 from 7,427 in April 2018. Seven of the 12 UK regions saw growth during the

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Build to rent for Telford

During the year to March 31 2019, the Telford’s saw a revenue rise of 12% to £354.3 million against the equivalent period last year, with the proportion from build to rent developments at 31% (2018: 21%). In line with a previous announcement, total pre-tax profit fell to £40.1 million from 2018’s £46.0 million, thanks to

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Stable conditions enjoyed by Linden Homes

Issuing a trading update for the period from January 1 to May 20 2019, Galliford Try, the housebuilding, regeneration and construction group said that its housebuilding arm Linden Homes had continued “continues to perform well” and maintained a sales rate of 0.68 since the start of the year; this was a dip on the 0.71 of

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Revised strategy equals “good progress” for Crest

Crest Nicholson says it has made good progress with its revised strategy during its half year, achieving stable weekly sales. Issuing an update ahead of its half year results to be announced on June 11, the housebuilder said that during the six months to April 30 2019, it had progressed well with its new strategy

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2019 starts well for Taylor Wimpey

Taylor Wimpey has made a “good start” to 2019, the housebuilder reported at the end of April, while acknowledging the effect of increased build cost inflation for the year. Issuing an update ahead of its Annual General meeting covering January 1 2019 to today, the firm said that the new build housing market had remained

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