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

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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

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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

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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

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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)

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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

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Ambitious growth targets set by Bellway

Bellway has seen its profits recover, with completions up 35% and heading towards 2019 levels. It is also targeting “ambitious future growth” of between 16,000 and 18,000 homes over “several years”. Reporting on the year ending July 31 2021, the housebuilder said its revenue rose 40.3% against 2020 to £3,122.5 million, only 2.8% below the

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Barratt boosts building after strong demand

Barratt completed 17,243 homes in the year ending June 30th 2021, 36.8% ahead of last year and 3.4% below the 2019 level of 17,856. Announcing its annual results on Thursday 2nd September, Barratt said revenue reached £4,811.7 million in the year, 40.7% ahead of last year and pre-tax profit was £812.2 million, up 65.1%. Gross

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Housing completions highest for 20 years – MHCLG

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

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Barratt’s completion expectations rise

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

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