Bellway hit 10,000 homes sales

Bellway announced today (16th October) its preliminary results for the year ending 31st July 2018 showing record volume output and excellent financial performance. Bellway has exceeded the 10,000 homes barrier for the first time in its history, growing volume by 6.9% and completing the sale of 10,307 new homes in the year to July 31

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Uplift in London new home growth, reports NHBC

The NHBC have reported more than 13,700 new homes were registered to be built in the UK during August, with strong growth in London. 13,713 new homes were registered in August 2018, a 1% increase on the same month last year. 10,588 new homes were registered for the private sector (10,738 in 2017), and 3,125

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Profit boost at Barratt

Barratt has achieved the highest level of completions in a decade – competing on 17,579 homes in the year ending June 30 2018, 184 up on last year’s figure. The firm said in a trading update dated 11th July that it expects profit before tax to be around £835 million, a rise of over £69

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Letwin’s review calls for more homes to be released

Sir Oliver Lewin has stated in his Independent Review of Build Out Rates, published June 25, that a greater mix of house types, designs and tenures on large housing sites could “substantially accelerate” the overall build out rate of large sites. Letwin has released the draft analysis of his review which concludes why there is

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10.6% rise in completions for Bellway

Bellway have today announced housing completions rose 10.6% in the year ending July 31 2017 against the previous year. In its trading update released ahead of its preliminary results announcement on October 17, the housebuilder said it had achieved further volume growth, with completions rising to 9,644 during its financial year. Bellway’s housing revenue is

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Government pledge 1.5 million homes by 2022

The prime minister Theresa May has reiterated the government’s commitment to deliver 1 million homes by the end of 2020, and gone further by pledging half a million more by the end of 2022. The Conservative party have launched its manifesto and committed to delivering the reforms set out in its Housing White Paper, including

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Bovis receive merger proposals

Bovis has confirmed that it has received merger proposals from both Galliford Try and Redrow. The firm has rejected both saying that “neither reflected the underlying value of the Bovis business”, but confirmed that talks are continuing with Galliford Try. Redrow proposed a share and cash deal which in aggregate amounted to £8.14 per Bovis

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