Bellway Sold 3.8% More Homes, Sees ‘Encouraging’ Reservations - Businessweek

Bellway Sold 3.8% More Homes, Sees ‘Encouraging’ Reservations - Businessweek

Bellway Plc, a U.K. homebuilder specializing in first-time buyers, said it sold 3.8 percent more homes in its fiscal first half as the housing market showed signs of recovery.

Homes sales climbed to 2,332 in the six months through January from 2,247 a year earlier, the Newcastle, England-based company said today in a statement. The average selling price increased 8 percent to about 168,000 pounds ($271,000), Bellway said.

“Whilst site visitors and reservations were obviously hampered by the cold weather in December, the number of visitors and subsequent reservations since the beginning of January has been encouraging,” the company said.