Record completions for Bellway

A record first half volume output has been achieved by Bellway for the six months ending January 31 2020 with the completion of 5,321 new homes (2019 – 5,007), a rise of 6.3%. Private homes have been in strong demand, with an 11% rise in the private reservation rate to 151 per week (2019 –

Continue Reading

Taylor Wimpey anticipate hitting year’s target

Taylor Wimpey has reported it is “on track” to deliver its full year expected results, while noting increasing customer caution in higher priced markets, especially London and the south east. Issuing a trading update in November, the volume housebuilder said that good demand for its homes continued in the second half of the year and

Continue Reading

Bellway has completion boost

A record number of housing completions was delivered by Bellway in the year ending July 31 2019 with 10,892 homes completed, 5.7% rise from 10,307 last year. Pre-tax profit rose 3.4% to £662.6 million from £641.1 million on revenue of £3,213.2 million (2018: £2957.7 million). Operating margins saw a slip to 21% from 22.1%.  Bellway

Continue Reading

Record number of completions for Barratt

Barratt has delivered its highest number of completions for 11 years in the 12 months to the end of June with profit before tax expected to be ahead of expectation at around £910 million against £835.5 million last year. Today issuing a trading update for the year, Barratt said it had completed 17,856 homes including

Continue Reading

“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

Continue Reading

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

Continue Reading

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

Continue Reading

Countryside’s trading is “ahead of expectations”

This week Countryside Properties have reported its trading in its first half has been “ahead of expectations”. The business said it was successfully increasing scale in its Housebuilding division, and under its Partnerships arm had upgraded completion targets for FY 2018. During the six months to March 31 2017, the firm’s total completions rose 31%

Continue Reading