Bellway experiences “traditional spring market”
Bellway has made a bit of a comeback having sold 2,332 homes in the six months ended 31st January, up 4% on a year earlier.
Private sales numbered 1,784 (2010: 1,766) with a further 548 (2010: 481) dwellings sold to housing associations.
The group is on track to open 30 new sites by early 2011 and like some of its competitors has moved towards a different mix, with family housing more prevalent as this lends itself to part exchange.
From 1st February up until 13 March, reservations averaged 119 per week (2010: 111), while cancellation rates remain around historic norms.
The group’s order book at 13th March stood at £479.2 million (up 10% on last year), representing 2,763 homes (2010: 2,705) of which some 2,000 are scheduled to complete by 31st July.
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