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The Bellway home builder has announced a rise in sales over the past four months, but reiterated industry concerns about slowing real estate price growth and rising costs .
According to the news agency, sales during the four-month period ending June 2 were supported by strong demand, supported by high levels of employment and low rates of sales. 39; interest.
Bookings increased 4.7% to 244 a week, while its backlog increased 2.7% to 6,312 homes.
The publicly traded company said that, while real estate prices have remained firm, price growth has weakened over the period.
Bellway also followed the rivals of the industry by warning that construction costs had continued to increase throughout 2019.
The company's order book increased by the number of households, but it also indicated that the total value of orders had fallen to £ 1.64 billion, down from £ 1.7 billion a year ago. compared to the same period last year. valuable properties.
Demand remained strong early in the year due to high employment, low interest rates and the continued availability of Help to Buy, he said.
The company's weekly booking rate has experienced an "encouraging increase" following a positive spring sales season, he added.
Bellway also purchased more land in the last 10 months, acquiring 10,620 lots, compared with 8,942 for the same period last year.
James Honeyman, Chief Executive Officer, said, "This was another successful trading period for the group, during which we made more disciplined investments to increase the number of outlets and leverage the strong last year's commercial performance.
"In the future, we are on track to generate further earnings growth this year and beyond, our strong balance sheet provides Bellway with a strong position to pursue its long-term growth strategy. "
Press Association
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