Vistry warns on materials costs after ‘strong’ first half

By Joey Gardiner2021-07-07T09:40:00

Housebuilder maintains raised profit expectations and says build cost inflation being outpaced by growing house prices

Housebuilder Vistry said it is on track to deliver profits against significantly raised expectations for the year, despite warning over a growing threat from materials shortages.

In a half year trading update the housebuilder, formed from the merger of Bovis Homes with the housing businesses of Galliford Try at the start of last year, said it had built 3,126 homes in its housebuilding business and 895 in its partnerships operation in the six months to June 30.

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