In a trading update for the six month period ended 30th June 2016, Bovis Homes Group said: “After a strong period of selling during the spring, sales rates have followed a normal seasonal reduction as we have moved into the summer period. We continue to see a healthy level of interest on our active sites.”
Legal completion of 1,601 was 5% ahead of last year’s 1,525 in the first half.
The board said that it was too soon to have any biew on what the impact of Brexit might be on the business. “We have traded in line with our expectations for the first six months of the year. At this time it is too early to assess the impact of the EU referendum on the UK housing market.”
At 30th June 2016, Bovis Homes owned approximately 19,500 consented land plots, which represents a land supply of between four and five years. “We will maintain our disciplined approach to investing in land going forward as we continue to assess the impact of the EU referendum on the UK housing market,” it said.
Bovis Homes Group plans to announce its half-year results on 15th August 2016.