Bellway is optimistic about achieving a 10% growth in volumes in the next financial year, after releasing a positive trading statement for the 12 months to 31 July 2010.
The house builder completed the sale of 4,595 homes (2009: 4,380), an increase of almost 5%, at an average sales price of around 拢163,000 (2009: 拢154,005).
Bellway said that in 2010 to date, 鈥渢he market would appear to have returned to its more usual profile of a spring peak followed by a quieter summer period鈥�.
It added: 鈥淐oncerns still exist in the wider economy but... provided the autumn market follows its usual pattern, then a combination of increased outlets and a current order book of 拢421m (2009: 拢368m) could help the Group achieve its aspiration of producing volume growth in 2010/2011 of up to 10%.鈥�
Bellway said it continues to be active in the land market, mainly in the south, but 鈥渋s beginning to see more opportunities emerge from its northern divisions鈥�.
The firm has net cash of 拢66m.
Its preliminary results for the year to 31 July 2010 will be announced on Tuesday 19 October.
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