Redrow has record year

Redrow’s new home completions increased by 17% in the year ending June 2016, delivering a total of 4,716 legal completions compared to 4,022 last year. This increase was “spurred by Help to Buy” the firm said while reporting its full year results today. The house builder also saw outlets increase by 9% to 128 and

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1,127 new homes delivered by A2 Dominion

Residential property group A2 Dominion completed 1,127 new homes in 2015/16, up from 579 in 2014/15 according to its latest accounts. It also reported a “record” surplus of £114.5 million. Completions – which exceeded the target for the year of 900 – included 331 for affordable rent, 330 for private sale, 268 for private rent

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Linden sees completion rise!

Linden Homes’ completions rose 11% in the year to the end of June according to Galliford Try’s trading statement issued last week. Linden has seen average sales rates reach 0.68 per site per week from an increased number of outlets, 84 in all. The housebuilder enters the new financial year with record sales exchanged and

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Persimmon says market fundamentals remain “strong”

The fundamentals of the market remain “strong” following the EU referendum result, backed by “long term unfulfilled demand,” according to volume housebuilder Persimmon. Persimmon issued a trading update covering the period from January 1 to June 30 2016, saying it was “too soon” to judge how the result would affect the new homes market. But:

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Housebuilders and government confident in industry

The House Builders Federation and leading housebuilder report sales and reservations have not been affected by the EU referendum. At a meeting on June 30th with communities secretary Greg Clark and housing and planning minister Brandon Lewis, HBF members reaffirmed their commitment to upping supply and increasing the number of new home owners. Clark stated

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Redrow reports strong reservations post Brexit vote

Redrow reports that it experienced “long queues and strong reservations” last weekend despite the concerns over the UK vote to leave the European Union. In a trading statement covering the financial year to the end of June released today, Redrow said: “Although it is too early to tell whether Brexit will have any effect on

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Target of £1 billion of revenue for Crest

Crest Nicholson remains set to reach its intended target of £1 billion of revenues for its full year to October 31 2016, it reported this month. Crest has seen its unit completions rise 7% to 1,206 against the equivalent 6 month period in 2015. Its sales rate per outlet per week, including private rented sector

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Good progress made by Countryside

Countryside Properties today reported it remains “on track” to deliver the medium term goal of 3,600 completions, with its Housebuilding and Partnerships divisions performing strongly. Reporting on the six months to March 31 2016, the housebuilder said total completions in the housebuilding arm rose 25% to 292 units against the equivalent period in 2015. Private

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Growth is the aim for Bovis and Hill

Bovis Homes remains on track to deliver the growth it plans for 2016, it reported yesterday, while Essex-based housebuilder Hill has revealed a five year growth strategy. Reporting on 2016 so far Bovis said that the housing market continued to be positive, with weekly sales rates improving in recent weeks to move in line with

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Legal completions up 19% for McCarthy & Stone

McCarthy & Stone saw its legal completions rise 19% in its half year to February 29 2016, against the equivalent period last year, it announced last week. The retirement housebuilder, which entered the FTSE 250 last month, achieved legal completions on 923 units in the six month period, with revenue growing to £250.2 million, up

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