Interim management statements were positive
Housebuilders Bovis Homes, Persimmon and Taylor Wimpey all reported positive trading results this week.
In its interim management statement to the city on Tuesday, Persimmon said that since its half-year figures in July, site visitors have been 35% higher than the same period last year. Weekly sales since September are running at 19% higher than for the same period last year.
Meanwhile Bovis said private reservations in the 44 weeks to 4 November were up 22% to 1,480, due to an increase in the number of sales outlets, and a 10% increase in the number of net reservations per site week.
Sales at housebuilder Taylor Wimpey also hit expectations in the last four months, it said on Monday, despite deepening concerns over the health of the wider economy.
In its interim management statement, Taylor Wimpey said sales rates per site per week had reached 0.55, compared with 0.47 in the same period last year, and that “housing market conditions in the UK have remained robust despite the ongoing uncertainty in the wider economy.”