Another year of strong growth for Countryside!

Countryside has reported “another year of strong growth” with total completions up 27% against 2017. During the year to September 30 2018, the housebuilder achieved total completions of 4,295 homes. Its overall private average selling price dropped 7% to £402,000 compared to last year, due to the company’s focus on “price-points appropriate to local owner

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Barratt and Crest report mixed market conditions

Barratt Developments and Crest Nicholson have issued updates to the market. Barratt reported a strong start to the financial year but Crest has issued a profit warning, announcing a new strategy to combat difficulties it is experiencing in the market. Reporting on the period from July 1 to October 14 2018, Barratt said that the

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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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Bovis and McStone report mixed fortunes

Bovis Homes and McCarthy & Stone reported to the city this month, with Bovis reporting a “strong” half year performance and controlled volume growth, and McStone reflecting on a “tough” financial year. During its half year to June 30 2018, Bovis’ pre-tax profit improved by 41% to £60.2 million against H1 2017, “ahead of expectations”.

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Progress for Barratt and Berkeley

Barratt Developments and Berkeley Group have reported to the city this month with Barratt saying “another outstanding year” and Berkeley continuing to progress in the challenging London and south east market. During its year ending June 30 2018, Barratt achieved its highest number of completions for a decade at 17,579 completions in total with private

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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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Good sales at Persimmon and Bovis

Persimmon and Bovis Homes report steady performances ahead of their half year results. During the period from 1st January to 30th June 2018, Persimmon’s legal completions increased 3.6% to 8,072 homes against the equivalent period last year. Its average selling price also rose 1.2% to around £215,800. The volume housebuilder’s housing revenues for the first

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Berkeley profits up despite difficult market

Berkeley Group saw its pre-tax profit climb to £934.9 million, a 15.1% increase, during its financial year ending April 30 2018 against the equivalent period the previous year. London housebuilder reported its profits were set to be around 30% lower during its next financial year with “profitability returning to more normal levels.” It said this

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Good sales but cost challenges for Crest

Crest Nicholson and Bellway have reported good sales performances during the first half of the year, but Crest experienced dented margins thanks to continuing build cost inflation. During the six months to April 30 2018, Crest said its operating profit margin fell to 17.2% against the 19.1% achieved over the equivalent period the previous year.

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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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