8 INDUSTRY NEWS
Bellway increases output but warns of volatility due to Iran confl ict
Bellway has reported higher completions and revenue in the fi rst half of its fi nancial year, but warned that geopolitical instability and cost pressures are continuing to cause challenges. The housebuilder completed around 4,700 homes in the six months to 31 January, with revenues rising to approximately £1.5bn and average selling prices also moving higher. The group now expects to deliver between 9,300 and 9,500 homes this year, up from its previous targets, refl ecting improved outlet performance and a more stable start to the spring selling season.” However, Bellway has trimmed its operating margin guidance to around ., as build cost infl ation and the use of sales incentives continue to impact profi tability.
The company highlighted increasing
“macroeconomic” risks, with the ongoing confl ict in the iddle ast identifi ed as a key concern for the sector going forward. Jason Honeyman, Bellway chief executive, commented: “The ongoing confl ict in the iddle ast heightens the risk of both infl ationary cost pressures and an impact to customer demand, and we have already seen volatility return to the mortgage market.”
Bellway added that it is focusing on capital effi ciency and internal measures to help offset these pressures and support cash generation and shareholder returns. While trading improved in early 2026, following a “softer” autumn, the forward order book is “slightly below last year’s level, pointing to a housing market that is stabilising but which remains highly sensitive to mortgage rates and affordability,” said Bellway. The results “underline a continuing trend across the sector, with housebuilders driving volumes while margins remain under pressure amid an uneven recovery.”
WWW.HBDONLINE.CO.UK
Castle Green Homes appointed to Homes England DPS
Bellway North East division appoints Harris as new commercial director
Jordan Harris is Bellway North East’s new commercial director
Castle Green Homes has been named as a member of Homes England’s Dynamic Purchasing System.
The appointment unlocks “potential to access public sector land,” commented Castle Green.
The DPS is one of the Government’s housing and regeneration agency’s main routes for land disposal, and inclusion on the system “gives housebuilders the ability to bid for these sites,” said Castle Green. They added that because other public bodies may also use the DPS to procure developers, it “broadens housebuilders’ exposure to potential projects.” Castle Green is a rapidly growing business, with its head offi ce in reston rook and a regional offi ce in St Asaph. Recently named Housebuilder of the
Year at the Insider North West Residential roperty Awards, the company is continuing to invest heavily in new land opportunities. The business expects to deliver around 600 homes across 16 developments in the current fi nancial year, and aims to reach 1,000 by 2030. Homes are currently being delivered across the North West and North Wales. “With exciting developments in the Liverpool City Region and Cheshire, Castle Green has plans to move into the Manchester City Region, Lancashire and Shropshire, said the fi rm.
New homes at Ysgol Pendref, Denbigh
Bellway North East has appointed a new commercial director, Jordan Harris, to “support the division in delivering its targets in the coming years.” Harris is 35 and from Yorkshire, and took up the role at Bellway at the start of February. Based at the North East’ region’s head offi ce in ateshead, he is part of the divisional board overseeing the delivery of new homes in Newcastle, Tyne and Wear, Northumberland and County Durham. Harris began his career by studying for a National Diploma in Construction straight from school, and going on to complete a degree in Quantity Surveying and Commercial Management at the University of Bolton, graduating in 2012. He started out as a quantity surveyor
with Keith Walton Brickwork, followed by nine years at Keepmoat where he progressed to become commercial manager. He comes to his new appointment at Bellway from a role as commercial director at Gleeson Homes. The commercial director role
encompasses “budgeting, strategising and procurement at almost every stage of the creation of a new development from land acuisition to the fi nal stages on site, commented Bellway.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68
