Youngs Consultancy
Written by Daley Young Persimmon continues to perform strongly despite the challenges of Covid-19 and has today (November 10) reported it is set to achieve a “good result” for 2020. During the period from July 1 to November 9 2020, the volume housebuilder’s average private weekly sales rate per site was 38% ahead of 2019. Persimmon said that stable selling
Written by Daley Young Redrow has seen “strong trading” since the start of its financial year with reservation values and homes turnover up on the equivalent period last year. During the 18 weeks to October 30 2020, the housebuilder said its homes turnover climbed 48% against last year to £657 million. The value of its net private reservations rose
Written by Daley Young Reporting on its results for the year ending July 31 2020, Bellway said that during the period its housing completions dropped 30.9% against the previous year to 7,522. The housebuilder also said financial performance has been “significantly affected” by the coronavirus pandemic but like other housebuilders it has seen strong sales since lockdown. Pre-tax profit plummeted
Written by Daley Young Countryside has seen its mixed-tenure housing model prove resilient this year in the face of the Covid-19 pandemic and the firm has continued to see strong demand for all tenures of housing. In a trading statement covering the year ending September 30, Countryside said it completed 4,053 homes (2019: 5,733 homes) of which 1,454 were
Written by Daley Young Berkeley’s trading has been “resilient” since the start of its financial year, with the business expecting a more even profit split between the first and second halves of the year, it reported this month. Reporting on the period from May 1 to August 31 2020, the housebuilder said that its production levels had been “better
Written by Daley Young The coronavirus pandemic has “significantly reduced” Barratt’s completions, increased costs and impacted its profit, it reported on September 2nd, but despite this the business has seen strong sales in recent weeks. During its financial year ending June 30 2020, the housebuilder’s total completions fell 29.4% to 12,604 against FY 2019. The average selling price of its
Written by Daley Young Persimmon reported at the end of April, that since the closure of its sites and sales offices in late March, it had devised and tested “a range” of new site protocols to allow for a return, “while ensuring the necessary social distancing restrictions are strictly enforced”. The move was welcomed by housing secretary Robert Jenrick
Written by Daley Young Bellway site work resumed on 4th May on a phased basis. Following other housebuilders, the firm said it would only undertake tasks “that can be performed by our employees and subcontractors working in a safe and responsible manner, whilst adhering to strict social distancing measures”. The housebuilder plans t0 initially focus on homes close to
Written by Daley Young Releasing figures Taylor Wimpey reported a 5% increase in group completions to 16,042 including joint ventures (2018: 15,275) in 2019 confirming the results for the year were “in line with expectations”. Revenue increased by 6.4% to £4,341.3 million (2018: £4,082.0 million) with operating profit of £850.5 million (2018: £880.2 million) – volume growth was offset
Written by Daley Young A record first half volume output has been achieved by Bellway for the six months ending January 31 2020 with the completion of 5,321 new homes (2019 – 5,007), a rise of 6.3%. Private homes have been in strong demand, with an 11% rise in the private reservation rate to 151 per week (2019 –