Vistry expects 2022 profit at “top end” of forecasts

Vistry Group expects its profit for 2022 to be at the top end of forecasts.  Providing an update on the period from January 1 2022 to the present day, the housebuilder said that with the continuing strong demand for its homes, profit expectations for its first half had “moved forward”. For the full year, it

Continue Reading

Strong results for Vistry and Persimmon

Vistry and Persimmon has announced final results for 2021 today, with both showing increases in completions, revenue and profit. In announcing its results, Vistry gave its backing to HBF’s response to housing secretary Michael Gove on a proposed plan to remediate cladding and tackle fire safety. The firm said the additional costs of implementing the

Continue Reading

TW sees “strong” 2021

Taylor Wimpey has enjoyed “strong” full year results matching its expectations, with the housebuilder seeing a 47% increase in its completions and revenue rising 53.6% against 2020. Issuing its results for the year ending December 31 2021, the business achieved 14,087 home completions against 2020’s 9,609. This compares to the pre-pandemic 16,042 of 2019. Taylor

Continue Reading

Material and labour shortages slowing London housebuilding – mayor

Sadiq Khan, the mayor of London,  has warned that rising material prices and labour shortages are hampering housebuilding in the capital, citing the “double impact” of the pandemic and Brexit. According to government data, the cost of construction materials including steel, timber and concrete for all types of work increased 23% in the UK in

Continue Reading

Homes demand is up!

The housing market remains notably busy, with demand for homes in the new year up 49% compared with the three-year average, according to Zoopla. This reflects the total number of buyers contacting agents in the four weeks to January 16 2022, compared to the average over a similar period between 2018 and 2021. The property

Continue Reading

TW’s full year in line with expectations

Taylor Wimpey expects to announce full year results “in line with expectations” it said this week with a group operating profit anticipated of around £820 million. Reporting ahead of its results for the year ending December 31 2021, expected on March 3, the volume housebuilder said that its total UK home completions (including joint ventures)

Continue Reading

“Excellent” 2021 performance reported by Vistry

Vistry Group has seen an “excellent performance” throughout 2021 across all its business areas, it said today (January 12), with the business anticipating adjusted pre-tax profit for the year of around £345 million, matching its previous guidance. This expected profit for the year ending December 31 2021 compares with FY 2020’s £143.9 million. Issuing a

Continue Reading

Bewley reveals growth plans

Bewley Homes has recruited more than 50 new staff year this year to support its growth ambitions over the next three years, with the business extending its banking facility and opening a new office in Swindon. The housebuilder, which builds in the south of England, has made key appointments across its divisions including in sales

Continue Reading

Taylor Wimpey looks to 2023 with strong half year

Taylor Wimpey says it is “pleased” with its second half performance to date and remains set to deliver results for its full year in line with previous guidance. Looking ahead, it is targeting “significant” completions growth from 2023. With the UK housing market remaining “positive” during the second half of 2021, the volume housebuilder achieved

Continue Reading

Persimmon and Vistry on track

Good news was reported by Persimmon and Vistry on 9th November.  Persimmon’s private sales reservation rates have remained “well ahead” of 2019 since July and Vistry has noted “some signs of improvement” in materials shortages and pricing pressures. Issuing a trading update for the period from July 1 to November 8, Persimmon said that its

Continue Reading