2019 starts well for Taylor Wimpey

Taylor Wimpey has made a “good start” to 2019, the housebuilder reported at the end of April, while acknowledging the effect of increased build cost inflation for the year. Issuing an update ahead of its Annual General meeting covering January 1 2019 to today, the firm said that the new build housing market had remained

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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

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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

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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

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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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£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%

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“Golden period of housebuilding” called for by Housing Minister

Kit Malthouse, the housing minister, has called for a “golden period of housebuilding” with housebuilders “building the conservation areas of the future” to win over communities. Sending a message to the Ministry of Housing, Communities and Local Government’s (MHCLG) Better Design for Better Places conference in Birmingham (February 14), Malthouse said that with the increase

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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

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“Bounce back” for the new homes market

Along with the announcement of its half year results Redrow says the early weeks of 2019 have seen the new homes market “bounce back” after a subdued end to 2018 and the firm is confident that the Brexit uncertainty will not have “a huge impact” this year. For the period to the end of December

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Housing secretary to address industry

James Brokenshire, Housing Secretary will address the industry at this year’s HBF Policy Conference being held in London on Tuesday March 26. With the government pushing the industry hard to deliver 300,000 new homes a year, Brokenshire is set to underline the government’s commitment to tackling the housing issues of the UK. John Healey, Shadow

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