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

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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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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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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%

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Highest completions in nine years for Barratt

Last week Barratt Developments reported it expected to achieve its highest level of completions in nine years. Giving an update covering the period from January 1 to May 7 2017, the volume housebuilder’s total completions – including joint ventures – are set to be around 17,350 for the year ending June 30 2017. Its full

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Redrow continue to see strong sales

At Redrow’s AGM Meeting on 9th November Steve Morgan, Chairman said “I am pleased to say that the encouraging sales trend I reported in the September Prelims has continued. Currently, net private reservations are 6% ahead at 1,660 and the sales rate for the 19 weeks to 4 November 2016 is 0.71 per outlet per

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Persimmon plan brickwork factory

Persimmon have recently released its third quarter trading update and saying it is now fully sold up for the current year and has around £757 million of forward sales reserved beyond 2016, an increase of 4% on the same point last year (2015: £726 million). Persimmon says the weeks immediately following the EU Referendum saw

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Continued strong sales reported for Linden and Miller

Linden Homes and Miller Homes are the latest housebuilders to report strong sales since the EU referendum result. Linden Homes, the housing arm of Galliford Try, said that following an initial dip in visitors following the referendum sales rates have seen a “return to growth”. During its financial year, Linden achieved 3,078 completions against 2,769

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