In an interim management statement today, the house builder says visitor levels to its sites over the first fifteen weeks of the year have been 10% higher than in the same period last year, with cancellation rates running at historically low levels of 17%.
The accounts show the company has also experienced an increase in enquiries relating to the government’s NewBuy scheme.
The accounts say: “We believe this scheme will support increased sales activity for the UK housebuilding industry once all the major mortgage lenders have entered the market, and made NewBuy widely available at attractive rates.”
Its weekly private sales rate has continued to run ahead of the same period in the prior year increasing by 20% in the first fifteen weeks of the year.
While its order book, including legal completions already achieved for the current year, now totals £1.24bn, 9% ahead of the position at the same point last year.