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30th of December 2010
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News Tag: cancellation rate

September 9, 2010

Barratt completions take a tumble

by Gill Montia
”Barratt
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 low, at an average of 11% (2009: 12.3%), and ...




August 5, 2010

Taylor Wimpey: UK housing market “relatively robust”

by Gill Montia
”Taylor
Taylor Wimpey has reported "relatively robust" UK housing market conditions over the first half of 2010, having achieved 4,804 legal completions, up slightly from 4,702 a year earlier. The group sold 3,925 homes to private buyers and 866 to affordable housing providers, with the remainder joint ventures. Encouragingly, the developer's cancellation rate scaled back to 16% in the six months to the ...




July 15, 2010

Mortgage constraints & economic uncertainty bedevil new housing market

by Gill Montia
”Mortgage
Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period. Private completions fell to 9,455, compared with 11,133 in 2008/09; social housing completions stood at 1,870 as against 2,069 and joint ventures were down from 75 to 52. However, the developer's cancellation rate settled out at 18% in ...




April 30, 2010

Taylor Wimpey upbeat on buyer confidence

by Gill Montia
”Taylor
Taylor Wimpey describes UK housing market conditions as "encouraging" since the start of the year, with continued gradual improvements in mortgage availability and buyer confidence. Britain's second-biggest house builder estimates that it has achieved 99% of its half-year sales targets and 74% for the full year. Private sales volumes remain in line with a year earlier, at an average 0.61 sales per site ...