In a pre-close trading update for the financial year to 31 July 2013, Bellway said that the market for new homes had benefitted from improving consumer confidence throughout the year, underpinned by the government鈥檚 NewBuy and Help to Buy schemes. Bellway has booked 830 reservations with Help to Buy.
During the year, Bellway sold 5,652 homes, up 8% on 2012鈥檚 5,226. Average selling price was up 3% to around 拢193,000 (2012: 拢186,648). Thus its housing revenue is expected to be up 12% to 拢1,090m when it reports its results in October.
鈥淲hilst there are some indications of minor cost pressures at a local level,鈥� the company said, 鈥渢hese have not had a significant effect on the Group's operating margin which will exceed the 11.4% achieved last year by around 200 basis points.鈥�
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