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

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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

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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

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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

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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

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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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