Vistry expects 2022 profit at “top end” of forecasts

Vistry Group expects its profit for 2022 to be at the top end of forecasts.  Providing an update on the period from January 1 2022 to the present day, the housebuilder said that with the continuing strong demand for its homes, profit expectations for its first half had “moved forward”. For the full year, it

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Homes demand is up!

The housing market remains notably busy, with demand for homes in the new year up 49% compared with the three-year average, according to Zoopla. This reflects the total number of buyers contacting agents in the four weeks to January 16 2022, compared to the average over a similar period between 2018 and 2021. The property

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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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Barratt boosts building after strong demand

Barratt completed 17,243 homes in the year ending June 30th 2021, 36.8% ahead of last year and 3.4% below the 2019 level of 17,856. Announcing its annual results on Thursday 2nd September, Barratt said revenue reached £4,811.7 million in the year, 40.7% ahead of last year and pre-tax profit was £812.2 million, up 65.1%. Gross

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“Strong start” to 2021 for Persimmon

Persimmon has reported a “strong start” to the year, with its current forward sales 23% ahead of last year and 11% improved on the same point in 2019. Giving a trading update on the year to date, the volume housebuilder said its current forward sales position was £3 billion against 2020’s £2.4 billion. The average

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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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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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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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