4 industry news HbD


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News Editor: David Mote


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There are also changes ahead at Housebuilder & Developer and this will be my last edition as editor. I have had a great two and a half years with the magazine and I wish our readers, contributors and the production team all the best for the future.


So it’s all change in the Government’s senior housing team. However, will the arrival at the DCLG of new Secretary for State for Communities and Local Government Sajid Javid and Gavin Barwell as the new Minister for Housing, Planning – and London – see any changes in the Government’s ambition to build one million new homes by the end of this Parliament in 2020? It is unlikely, but as we all know it is not the Government that builds the homes – it’s the housebuilding industry.


With the pound’s low value, housebuilders buying materials from abroad while planning for a possible – but to be honest highly unlikely – repatriation of foreign workers forces the housing industry to face these and other new challenges while trying to realise the Government’s housing ambition. However, if there is one thing I know, the ever-flexible housebuilding sector will always find ways to work in a brave new post- Brexit world.


TAYLOR WIMPEY


David Mote, Housebuilder & Developer news editor


Editor’s comment


Taylor Wimpey offers bullish post- Brexit report


Pete Redfern


month on from the EU referendum, trading remains in line with normal seasonal patterns.” The firm’s chief executive Pete Redfern commented:


T


“Customer interest continues to be high, with a good level of visitors both to our developments and to our website.” He added: “We are monitoring customer confidence closely across a number of metrics, including appointment book- ings, and these continue to be solid. “Whilst it is still too early to assess what the longer term


impact from the referendum result may be on the housing market, we are encouraged by the first month’s trading and by continued competitive lending from the mortgage providers, as well as the positive commentary from Govern- ment and policymakers.” He said the company’s order book was looking strong,


having grown to over £2.2bn at 24 July, and the firm was around 90 per cent forward sold for 2016. A total of 6,019 homes had been completed (excluding joint ventures), and this was up 3.0 per cent year on year. The total average selling price had increased 5.8 per cent to £238k, again excluding joint ventures, and Taylor Wimpey had seen a 12.1 per cent uplift in gross profit to £266.6m.


MORGAN SINDALL MS in the black M respond online at www.hbdonline.co.uk


organ Sindall Group, which is active in the affordable housing market, has posted strong profit growth in its half year results for 2016.


Gross operating profit was up 17 per cent to £18.2m,


with revenue at £1,148bn, a slight drop year on year. The group however reports an order book of £3,148bn which is an 11 per cent increase from £2,826m, supported by a £3.2bn pipeline of regeneration schemes. Chief executive, John Morgan said: “All divisions have


contributed, demonstrating the strategic and operational progress made across the group over the last few years.” He added: “The EU Referendum result has introduced


some uncertainty into the markets in which we operate and it’s still too early to determine what the potential impact will be in the medium and longer term.”


aylor Wimpey, delivering the housebuilder’s half year results, was resoundingly positive in the immediate post-Brexit climate, saying that “one


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