According to trading updates that were released today the UK's housebuilders have noted a steady rise in progress within the industry.
Taylor Wimpey has said that housing market conditions had remained stable. The reports it has gathered between July 2 to today shows that the company’s sales rates in the second half of 2012 were comparable with the levels seen in 2011. Taylor Wimpey also announced that its order book for future completions has totaled £1.11 billion compared against £1.02 last year. Taylor Wimpey has also noted that they have 467 net reservations under the NewBuy scheme and its Scottish equivalent MI New Home to date.
Redrow has announced that over the first 19 weeks of the current financial year, reservations climbed 22% against the equivalent period last year. This was driven by an increase in outlets from 72 to 83 on average. Their sales also increased to 0.58 per week. Up from 2011’s 0.55. The housebuilder’s average price of private reservations to date rose 22% to £243,000, with London included.
And finally Bovis has revealed that they have secured enough reservations to achieve its anticipated full year legal completions. Bovis achieved 1,669 net private reservations against last year’s 1,517 over the 45 weeks to November 9. They have announced that as of this date they will legally complete around 2,350 homes during 2012.