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

Registrations reach highest quarter since 2007 – NHBC

New home registrations for Q3 2018 mark the strongest quarter in 11 years, according to the latest figures from NHBC. During Q3 2018 (July-September) 43,578 new homes were registered across the UK, up 15% on Q3 2017, making it the highest quarter since Q3 2007 when 49,520 new homes were registered, NHBC said. Of the

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

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

Continue Reading

Uplift in London new home growth, reports NHBC

The NHBC have reported more than 13,700 new homes were registered to be built in the UK during August, with strong growth in London. 13,713 new homes were registered in August 2018, a 1% increase on the same month last year. 10,588 new homes were registered for the private sector (10,738 in 2017), and 3,125

Continue Reading

New strategy and CEO for McStone

McCarthy & Stone has announced its business transformation strategy in response to the challenging environment it is facing, and the appointment of John Tonkiss as the company’s new Chief Executive. As part of the new strategy, the retirement housebuilder has also announced a new long-term vision for the business outlining the steps it will take

Continue Reading

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

Continue Reading

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”.

Continue Reading

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

Continue Reading