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Bellway eyes more than 8% increase in housing revenue for year ended July 31

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Bellway eyes more than 8% increase in housing revenue for year ended July 31

British homebuilder Bellway PLC said it expects its housing revenue for the year ended July 31 to rise more than 8% annually to roughly £3.2 billion from roughly £2.94 billion.

In its latest trading update, the company said housing completions for the period rose 5.7% year over year to 10,892 units, compared with 10,307 units a year ago.

The company's forward order book comprises 4,878 homes, worth roughly £1.22 billion, rising from 4,841 homes with a value of £1.30 billion in the comparable period in 2018.

Bellway said its overall average selling price increased by roughly 2.5% to £292,000 from £284,937 in 2018.