Redrow and McStone make good progress

Housebuilders Redrow and McCarthy & Stone are continuing to see good results as the housing market improves. Reporting on the first 19 weeks of its financial year commencing July 1, Redrow said that its reservations climbed 52% against the equivalent period last year to 1,400 homes, with Help to Buy reservations representing 35% of total

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A good year for Banner

Banner Homes has enjoyed a strong financial year, with its operating profit climbing 24% to £16.4 million. Over the year to May 31 2013, the privately-owned housebuilder sold 235 homes against 203 in 2012. Its turnover was £111 million. Banner’s average selling price of £511,000 puts it “at the top of the sector for medium

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Bovis in strong forward sales position

Strong trading conditions have continued for Bovis Homes since the summer, with the group achieving its targeted private reservations total for 2013 legal completion in September, “significantly earlier” than in previous years. The company’s net private reservations from the start of 2013 to November 1 were a 45% increase on the equivalent period last year

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Government launches Help to Buy mortgage scheme

The government is launching the mortgage guarantee element of Help to Buy today (October 8), three months ahead of plan. Following the prime minister’s announcement on the eve of the Conservative party conference that the mortgage guarantee scheme would be brought forward, high street banks including Natwest, RBS, Halifax and Bank of Scotland, will start

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House prices rise 0.5% – Hometrack

House prices in England and Wales rose 0.5% in September, the highest monthly increase seen since May 2007, according to Hometrack’s latest monthly housing survey. The property analytics business said that prices were rising on the back of “improving market sentiment, rising demand, low mortgage rates and falling supply”. But director of research Richard Donnell

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Redrow to “significantly” up output

Redrow Homes has reported a 26% rise in revenue to £604.8 million over its financial year, as it looks to “significantly” increase its output over the next year. The revenue rise was driven by a 15% lift in the housebuilder’s legal completions to 2,827 over the year ending June 30 2013, against the equivalent period

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Housebuilders pledge to build more homes

Major housebuilders last week met with housing minister Mark Prisk to stress that government initiatives on mortgage support – such as Help to Buy – are working and will lead directly to more homes being built. The meeting took place as it was revealed that 12,500 reservations have been made through Help to Buy up

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Completions up at Persimmon

Persimmon completed 7% more homes in the six months to June 2013 compared with last year. The group built 5,022 homes in the period with the Persimmon family home brand up 5%, Charles Church up 2% and Westbury Partnerships up 20%. Underlying pre-tax profits in the period were 40% up to £135.2 million with revenue

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Bovis’ profit soars 50%

Bovis Homes saw its housing operating profit rise 50% to £20.4 million in the first half of 2013, fuelled by increased volumes and higher average sales prices. Since the start of the year, the housebuilder’s private reservations have risen 43% to 1,712 against the same period last year. Sales rates climbed 28% to 0.59 net

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Highest half-year registrations since 2008: NHBC

The UK housebuilding industry continues to show signs of recovery, with NHBC reporting the highest half-yearly total of new homes registered since 2008. NHBC said that from January to the end of June 2013, it registered 67,422 homes in total. Within this, private sector registrations climbed 23% to 48,817 against the same period last year.

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