Strong results for Vistry and Persimmon

Vistry and Persimmon has announced final results for 2021 today, with both showing increases in completions, revenue and profit. In announcing its results, Vistry gave its backing to HBF’s response to housing secretary Michael Gove on a proposed plan to remediate cladding and tackle fire safety. The firm said the additional costs of implementing the

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TW sees “strong” 2021

Taylor Wimpey has enjoyed “strong” full year results matching its expectations, with the housebuilder seeing a 47% increase in its completions and revenue rising 53.6% against 2020. Issuing its results for the year ending December 31 2021, the business achieved 14,087 home completions against 2020’s 9,609. This compares to the pre-pandemic 16,042 of 2019. Taylor

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Ambitious growth targets set by Bellway

Bellway has seen its profits recover, with completions up 35% and heading towards 2019 levels. It is also targeting “ambitious future growth” of between 16,000 and 18,000 homes over “several years”. Reporting on the year ending July 31 2021, the housebuilder said its revenue rose 40.3% against 2020 to £3,122.5 million, only 2.8% below the

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Excellent first half delivered by Barratt

Barratt Developments has delivered an “excellent” first half performance, it reported this month, with completions, revenue and profit up on HY 2019. The volume housebuilder’s total completions rose 9.2% to 9,077 homes during the six months to December 31 2020 against the equivalent period the previous year. Its revenue increased 10.1% to £2,494.7 million, with

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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 –

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Build to rent for Telford

During the year to March 31 2019, the Telford’s saw a revenue rise of 12% to £354.3 million against the equivalent period last year, with the proportion from build to rent developments at 31% (2018: 21%). In line with a previous announcement, total pre-tax profit fell to £40.1 million from 2018’s £46.0 million, thanks to

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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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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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Completions rise for Miller Homes

Miller Homes saw its completions rise 12% during the six months to June 30 2018, it reported this week. The housebuilder achieved 1,493 home completions during its half year, compared to 1,336 during the same period in 2017. Its average selling price rose to £248,000 up 6%.  Revenue also increased 7% to £356.1 million and

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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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