House-builder Crest Nicholson Holdings PLC (LON:CRST) said forward sales, including completions to date, are running 15% higher this year than last.
At today’s annual general meeting (AGM), the group’s chairman, William Rucker, was set to tell shareholders that the trading environment continues to be generally robust with good sales growth across our areas of operation.
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“Demand for new homes continues to be strong underpinned by high levels of employment and Government policies to improve access to housing; levels of sales price inflation have moderated which is also helping to maintain affordability for purchasers,” Rucker’s AGM statement reads.
Total forward sales contributing to the current financial year, including completions year to date, were up 15% year-on-year at £620mln.
Rucker, who will not be seeking re-election to the board at the AGM, said the robust sales outlook, along with the actions being taken to expand the operational footprint, underpinned the board’s confidence that Crest Nicholson will continue to deliver on its stated growth objectives.
Shares in Crest Nicholson were up 0.8% at 471.4p in a gently falling market in early deals.