Youngs Consultancy
Written by Daley Young Following pressure from shareholders, Countryside has begun the process of putting itself up for sale. The partnerships-focused housebuilder reported on the 13th June, that it had decided to “conduct an orderly process” of finding a bidder willing to offer a value for the company “that the board considers compelling relative to the long-term standalone prospects
Written by Daley Young UK new home registrations increased 25% in the first quarter of 2022 against the same period last year, with private registrations up 31% but completions slightly down, according to the latest NHBC data. In Q1 2022, a total of 45,991 new homes were registered to be built. Of these, 35,134 were for the private sector
Written by Daley Young 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
Written by Daley Young 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
Written by Daley Young 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
Written by Daley Young Sadiq Khan, the mayor of London, has warned that rising material prices and labour shortages are hampering housebuilding in the capital, citing the “double impact” of the pandemic and Brexit. According to government data, the cost of construction materials including steel, timber and concrete for all types of work increased 23% in the UK in
Written by Daley Young 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
Written by Daley Young 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)
Written by Daley Young Bewley Homes has recruited more than 50 new staff year this year to support its growth ambitions over the next three years, with the business extending its banking facility and opening a new office in Swindon. The housebuilder, which builds in the south of England, has made key appointments across its divisions including in sales
Written by Daley Young 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