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4w ago

Bellway Raises Annual Build Forecast on Robust Spring Demand

Bellway has raised its completions target to 8,700 homes for the financial year with stronger reservations boosting its order book.

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Bellway’s average selling price has increased to £315,000

Overview

  • The housebuilder upgraded its output guidance to between 8,600 and 8,700 homes, up from around 8,500 in its previous forecast.
  • Its forward order book climbed 7.7% to 5,759 homes as of June 1, reflecting a sustained increase in private reservations.
  • Average selling prices are now expected to rise to about £315,000, a 2.3% increase on earlier guidance.
  • Since August 2024, Bellway has contracted to purchase 6,759 plots, expanding its land bank by more than 70%.
  • CEO Jason Honeyman said the group is on track for strong volume and profit growth, supported by operational strengths and upcoming planning reforms.