17th Nov 2015 08:15
LONDON (Alliance News) - Crest Nicholson Holdings PLC on Tuesday said its unit completions for the full year are set to rise by 8.0% and that the value of its sales going into its new financial year is significantly higher.
The FTSE 250-listed housebuilder said it expects its unit completions for the year to the end of October to rise 8.0% year-on-year to 2,725, up from 2,530 a year earlier.
Looking to the recently-started current financial year, the group's forward sales position at the start of the new year is 12% higher year-on-year, while the value of its forward sales currently booked for the 2016 financial year is 32% higher.
"A growing and sustainable housing market in the South of England has underpinned Crest Nicholson's good sales rates and overall performance," said Stephen Stone, Crest Nicholson's chief executive.
"High employment and good mortgage access continue to enable purchasers to secure a new home and we are pleased to be playing our part in addressing the UK's housing shortfall and delivering value for our customers, our staff and wider stakeholders," Stone added.
Shares in Crest Nicholson were up 2.0% to 520.00 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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