UK homebuilder Bellway reports a 21% increase in order book to 5,346 homes due to falling inflation and rising consumer confidence.

UK homebuilder Bellway has reported a 21% increase in its order book to 5,346 homes since the start of the year, attributing the surge in sales to falling inflation and rising consumer confidence. Bellway's net private reservation rate has increased to 0.62 per week in the four months leading up to June 2, compared to 0.58 for the same period last year. The company expects to deliver 7,500 homes in the financial year, with its overall average selling price expected to be around £305,000. Bellway's CEO, Jason Honeyman, expressed confidence in delivering a full year volume output of around 7,500 homes.

June 07, 2024
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