He added that the housing market was in an unprecedented position: "The combination of demographic pressure for new homes and stringent planning requirements is creating a long-term land shortage. This has not been a feature of previous economic cycles."
Matthews said that the firm had secured £90m in borrowing through a US private placement, which would finance projects for the next 10 years.
These include a £135m, 1200-unit scheme in Attwood Green, Birmingham.
Demographics and planning requirements are creating a long-term land shortage
John Matthews, chairman, Crest Nicholson
Crest Nicholson's first-half pre-tax profit rose 14% to £25.1m; turnover jumped £35m to £265m.
In a trading statement last week, Redrow backed Crest's reading of the market. It said that the company's sales had risen 12.5% compared with this time last year, and claimed that housing volumes and demand were remaining steady.