Profit on track for Vistry

Vistry Group is on track to deliver a full year pre-tax profit at the top end of its expected range of £130 million to £140 million it reported in the latest trading update. The group said that during the period from July 1 to November 11 2020, its homes demand had remained “consistently strong” at

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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

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“Strong trading” for Redrow

Redrow has seen “strong trading” since the start of its financial year with reservation values and homes turnover up on the equivalent period last year. During the 18 weeks to October 30 2020, the housebuilder said its homes turnover climbed 48% against last year to £657 million. The value of its net private reservations rose

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HBF and government confirm housing market to stay open

The Home Builders Federation (HBF) and the Ministry of Housing, Communities and Local Government (MHCLG) published a joint communique confirming the government’s position regarding the ongoing operations of the home building industry during the national lockdown in England that begins on Thursday November 5. The message to the housing industry, signed by housing secretary Robert Jenrick and

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Pandemic has “significantly affected” Bellway

Reporting on its results for the year ending July 31 2020, Bellway said that during the period its housing completions dropped 30.9% against the previous year to 7,522.  The housebuilder also said financial performance has been “significantly affected” by the coronavirus pandemic but like other housebuilders it has seen strong sales since lockdown. Pre-tax profit plummeted

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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

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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

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Sales confidence for Redrow

Speaking about Redrow’s full year results, released on September, John Tutte executive chairman said that following a surge in demand post-lockdown, future sales performance depended on “where the economy is going and what happens with stamp duty when there are not enough high loan-to-value mortgages available.” Tutte commented he was “quite surprised” by the market’s bounceback, “but

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Barratt’s sales rebound despite Covid

The coronavirus pandemic has “significantly reduced” Barratt’s completions, increased costs and impacted its profit, it reported on September 2nd, but despite this the business has seen strong sales in recent weeks. During its financial year ending June 30 2020, the housebuilder’s total completions fell 29.4% to 12,604 against FY 2019. The average selling price of its

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Strongest sales to date for London Square

London Square has reported its best sales results to date as it marks its tenth anniversary.  The developer’s annual results report completion on 559 homes, up from 253 in 2019, revenue increase to £272.4 million from last year’s £168.3 million, with operating profit also rising to £10.8 million (2019: £6.5 million). Forward sales improved from 2019’s

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