Tag: reservations

Bellway encouraged by rise in sales

Bellway encouraged by rise in sales

Newcastle-based housebuilder Bellway has today said an uplift in consumer confidence has led to a rise in sales. The housebuilder, which is the fifth largest by market value, said it had experienced a sales rate of 111 units per week in the four months to the end of May – 9% higher than the same [...]

Persimmon reports rise in sales reservations

Persimmon reports rise in sales reservations

Persimmon, which is the UK’s largest housebuilder by market value, has today reported a 12% rise in sales reservations in the first three months compared with a year ago. Furthermore, the housebuilder said its order book had risen to £1.14 billion – up from the £565 million at the start of the year. The figures [...]

Redrow reports half-year profit

Redrow reports half-year profit

Housebuilder Redrow, which is the fifth largest housebuilder in the UK by volume, has today reported a profit for the six-month period to 31 December. The company said net income for the period was £3.5 million against a loss of £6.3 million a year earlier. Meanwhile, the company based in St. David’s Park, Wales, said [...]

Barratt completions take a tumble

Barratt completions take a tumble

Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period. Furthermore, over the 10 weeks since the group’s financial year end, net private reservations averaged 0.48 per active site per week, down from 0.51 in the same period of 2009. Cancellation rates remained [...]

Bovis reservations 83% up on the year

Bovis reservations 83% up on the year

Bovis Homes achieved 1,488 private reservations in the year to 13th November 2009, an 83% rise on the comparative figure for the same period in 2008. The group also says it anticipates legally completing around 1,800 sales in 2009, of which 1,500 are expected to be private homes (compared with 1,223 a year earlier) and [...]

Barratt reports rise in  private sales and reservations

Barratt reports rise in private sales and reservations

In a trading update covering the 19 weeks to 10th May, Barratt Developments has reported that visitor and reservation rates have risen as the Spring selling season gets underway. Cancellation rates averaged approximately 16% for the period, compared to 25.7% a year earlier. Visitor levels per site for the 19 week period were down 6% [...]

Bovis reports 71% rise in reservations

Bovis reports 71% rise in reservations

In a trading update, Bovis Homes reported that in the 17 weeks to 1st May the group secured 638 reservations for private house sales, compared with 373 in the same period of 2008. Despite the 71% increase, trading remains around 25% lower than during the comparable period of 2007. The housebuilder also says it has [...]

Housebuilder Bellway reports rise in reservations

Housebuilder Bellway reports rise in reservations

Housebuilder Bellway has reported that it has seen house prices fall by up to 40% from their peak in August 2007. In presenting its half-year interim results for the six months to the end of January, the firm also revealed that it sold 2,014 homes during the period, down from 3,252 a year earlier. The [...]

Redrow’s house sales fall 49%

Redrow’s house sales fall 49%

Housebuilder, Redrow, reported a 58% fall in revenues in the second half of 2008 leaving the company facing a pre-tax loss of £46.2 million, compared with a profit of £35.8 million in the same period of 2007. Falling sales and lower selling prices were to blame; during the second half of last year, the company [...]

Taylor Wimpey order book down 40%

Taylor Wimpey order book down 40%

Taylor Wimpey is the latest housebuilder to reveal the full extent of the downturn in the UK property market. The company has revealed that its order book for the first 44 weeks of 2008 fell by around 40%, to 6,607. The figure compares with 11,074 over the same period of 2007. During the six months [...]

Bovis and Redrow epitomise housebuilders’ woes

Bovis and Redrow epitomise housebuilders’ woes

Housebuilder, Bovis, has announced that it expects to complete 1,800 homes during 2008, compared with 2,930 last year. The group’s stock of unsold homes stands at over 900, despite price reductions and an incentive scheme aimed at attracting buyers. The slowdown in the private housing market is forcing the builder to focus more on the [...]

Bellway adds more gloom to property market

Bellway adds more gloom to property market

The doom and gloom continues in the housing market today as housebuilder Bellway reported a 45% fall in reservations of its homes in the second half of the financial year, compared with the same period last year. Bellway added that completed sales had dropped by 14% compared with last year as the mortgage squeeze meant [...]