“Excellent” first half growth for Countryside

Countryside says it has achieved “excellent growth” in its first half, with a 27% rise in revenue to £507 million on a 43% lift in total completions against the equivalent period in 2018. During the 6 months to March 31 2019, the home builder and regeneration partner achieved 2,362 completions in total (combining its Housebuilding

Continue Reading

Redrow a “premium alternative”

Redrow announced its set to launch a national TV advertising campaign, aimed at challenging “outdated perceptions” of its new homes. The housebuilder’s “They Say…” campaign promotes Redrow as a “premium alternative” to second hand homes while aiming to transform existing myths revealed in a Zoopla Smarter Property Solutions Survey. While the survey of 600 adults

Continue Reading

Stable conditions enjoyed by Linden Homes

Issuing a trading update for the period from January 1 to May 20 2019, Galliford Try, the housebuilding, regeneration and construction group said that its housebuilding arm Linden Homes had continued “continues to perform well” and maintained a sales rate of 0.68 since the start of the year; this was a dip on the 0.71 of

Continue Reading

Revised strategy equals “good progress” for Crest

Crest Nicholson says it has made good progress with its revised strategy during its half year, achieving stable weekly sales. Issuing an update ahead of its half year results to be announced on June 11, the housebuilder said that during the six months to April 30 2019, it had progressed well with its new strategy

Continue Reading

Countryside on track to meet full-year expectations

Countryside Properties has reported stronger customer demand after a “slower start to the year” and is “on track to deliver expectations for the full year”. The housebuilder and regeneration company said this month that its half year trading had been “solid”. During the six months from October 1 2018 to March 31 2019, its total

Continue Reading

Increase affordable housing funding increase required!

The government needs to increase funding for affordable housing in order to meet it’s 300,000 homes a year target, according to a report produced by Savills for the National Housing Federation, housing association group G15 and Homes for the North. The report claims that a slowing private market, the changing Help to Buy initiative and

Continue Reading

Berkeley expresses confidence in the long term market

Issuing a short trading update this month the Berkeley Group expressed confidence in the “long term resilience” of its markets while being “very mindful” of the potential for short term disruption. It reiterated the company’s updated pre-tax profit guidance issued with its interim results in December. The update covering the period from November 1 to

Continue Reading

2019 starts well for TW

Taylor Wimpey’s completions in 2018 rose 2.9% to 15,275 from 14,842 in 2017 including joint ventures with the firm’s pre-tax profit rising 5.5% to £856.8 million from £812.0 million in 2017. Margin increased to 21.65% from 21.3% on revenue of £4.082 billion. Announcing the firm’s final results for the year, TW said it had a

Continue Reading

£1bn pre-tax profit for Persimmon

Persimmon’s profits hit £1 billion during its year to December 31st, 2018, it reported whilst also announcing its new group chief executive as Dave Jenkinson on 26th February. During 2018, the volume housebuilder’s pre-tax profit climbed 13% to £1.091 billion against 2017, with a 13% increase in operating profits to £1.083 billion. Revenue lifted 4%

Continue Reading

Strong growth for Bellway

Bellway completed 5,007 homes in the six months to the end of January 2019, 5.6% ahead of last year. Total revenue is expected to rise by more than 12% to almost £1.5 billion. In a trading statement issued at the beginning of February ahead of its interim results next month, Bellway said it had achieved

Continue Reading