Bellway reported a 13% on-year rise in reservations in the period from 1 February to 4 June, and forecast a 10% increase in completions in the year to the end of July.
The housebuilder’s chief executive, Ted Ayres, described the market as robust. Low unemployment, good availability of affordable mortgages and help-to-buy are supporting the sector, the company said.
Bellway’s total order book had risen to 5,819 homes as of 4 June, from 5,346 a year earlier. The company also increased land purchases, acquiring 10,250 plots compared with 8,600 previously.
