MJ Gleeson built 14% fewer homes during the second half of last year, compared with H2 2022.
Sales fell to 769, the low-cost housebuilder said in a trading update this morning, “reflecting the weaker conditions experienced across the housing market during 2023”.
However, its forward order book is showing signs of a recovery, with 586 plots, as opposed to the 319 plots for December 2022.
Net reservation rates during the half-year period were 0.41 per site per week, up from 0.36 per site per week in H2 2022.
The board said it “anticipates a recovery in demand for low-cost housing in the seasonally busier selling period over the coming weeks and months”.
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