Bellway says order book for new homes is way ahead of last year

HOUSEBUILDER Bellway said yesterday that it was confident Britain’s strong housing market would continue to grow, as it reported that its order book for new homes was “significantly ahead” of where it was last year.

The company that its order book of homes due for completion after 31 July stood at £670m, compared to £380m at the end of May 2013.

For its financial year ending 31 July, Bellway expects the number of house sale completions to increase by around 20 per cent, and forecast an annual operating margin of around 17 per cent.

“Provided market conditions remain unchanged, the board expects to build upon this further during the next financial year,” Bellway said.

The company also said it continued to benefit from a rising average selling prices and from the Help to Buy scheme.

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