Bellway reaches more than 10,000 sales

Bellway has reported, for the first time in history it has completed the sale of more than 10,000 homes! Issuing a trading update for the year ending July 31 2018 ahead of its preliminary results announcement on October 16, the housebuilder said that during its financial year it completed the sale of 10,307 new homes,

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Countryside’s completions up 29%

Countryside Properties’ total completions climbed 29% to 1,060 units during its third quarter. Issuing an update for the period covering April 1 to June 30 2018, Countryside’s overall private average selling price dipped 7% as anticipated to £376,000 compared to the equivalent period in 2017, with underlying sales price growth of 2%. Countryside’s net reservation

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Revised NPPF published by the government!

The revised National Planning Policy Framework was released this week by the government, with the new rules focused on “building attractive and better-designed homes in areas where they are needed”, it said. The Ministry of Housing, Communities and Local Government’s revised NPPF, applying to England, will see the implementation of 85 of its proposals set

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Profit boost at Barratt

Barratt has achieved the highest level of completions in a decade – competing on 17,579 homes in the year ending June 30 2018, 184 up on last year’s figure. The firm said in a trading update dated 11th July that it expects profit before tax to be around £835 million, a rise of over £69

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New housing minister appointed

Kit Malthouse has been appointed housing minister replacing Dominic Raab.  Following the resignation of David Davis on Monday morning, Raab was promoted to Brexit secretary. Malthouse becomes the 15th housing minister in the past 17 years. He became an MP in 2015 representing North West Hampshire and since the beginning of the year has been

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Good sales at Persimmon and Bovis

Persimmon and Bovis Homes report steady performances ahead of their half year results. During the period from 1st January to 30th June 2018, Persimmon’s legal completions increased 3.6% to 8,072 homes against the equivalent period last year. Its average selling price also rose 1.2% to around £215,800. The volume housebuilder’s housing revenues for the first

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Housebuilder Awards Finalists

The finalists of The Housebuilder Awards 2018 have been revealed with Crest Nicholson and McCarthy & Stone standing out. Crest Nicholson has a total of five finalists in five categories, including in Best Regeneration Initiative, Best Community and both categories of Best Design. McCarthy & Stone features four times in three categories – Best Marketing,

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Countryside report positive outlook

Countryside’s performance in its current trading year to date is in line with expectations!  The housebuilder reported open sales outlets are up 25% at 60 (2017: 48) and average weekly site visitors up 3% year on year. They are seeing house price inflation of 3% but build cost inflation at 3% to 4%. Countryside is

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Letwin’s review calls for more homes to be released

Sir Oliver Lewin has stated in his Independent Review of Build Out Rates, published June 25, that a greater mix of house types, designs and tenures on large housing sites could “substantially accelerate” the overall build out rate of large sites. Letwin has released the draft analysis of his review which concludes why there is

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Berkeley profits up despite difficult market

Berkeley Group saw its pre-tax profit climb to £934.9 million, a 15.1% increase, during its financial year ending April 30 2018 against the equivalent period the previous year. London housebuilder reported its profits were set to be around 30% lower during its next financial year with “profitability returning to more normal levels.” It said this

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