“Record” first half for Bellway

Bellway has seen “record” volumes in its first half, completing 5,656 new homes, an increase of 6.3% against HY 2020. Issuing a trading update for the six months to January 31 2021 ahead of its interim results announcement on March 24, the housebuilder said it had achieved an “excellent” first half, with housing revenue rising

Continue Reading

Persimmon “performs robustly”

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

Continue Reading

Countryside “well positioned” for growth

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

Continue Reading

Resilient trading for Berkeley

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

Continue Reading

Taylor Wimpey and Vistry Partnerships to reopen sites

Giving an update on trading from January 1 until the end of April, Taylor Wimpey said it now had plans and processes in place to start a phased process of site reopening from May 4 “based on detailed new site operating protocols developed in compliance with strict social distancing requirements,” on most of its sites

Continue Reading

Taylor Wimpey has a positive start to the year

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

Continue Reading

Queen’s Speech confirms First Homes initiative

The Queen’s speech back in December confirmed the government will bring forward measures to boost home ownership, with a consultation to follow shortly on its “First Homes” initiative. In her speech setting out a summary of the government’s intended legislative programme – the second in two months following the general election which returned a Conservative

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

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