Bellway reports 27% increase in revenue

The housebuilder, in a trading update for the year to 31 July, today reported revenue of £2.2bn, up 27% on the previous year. Housing completions increased 12.5% to 8,721, while its forward order book now stands at 4,644 homes, up slightly on the 4,568 reported for the previous year.

The statement said: “While it is too early to determine the extent to which the EU referendum may have an effect on longer-term customer confidence, the underlying demand for new homes remains strong, supported by lenders’ willingness to provide ongoing access to affordable mortgage finance.”