Bellway sees “solid” spring selling season

Bellway has seen “robust trading” throughout the spring selling season, with volume output for its year end now expecting to be between 8,600 and 8,700 homes, it said today (June 10).

In a trading update covering the period from February 1 to June 1, the housebuilder said it had been “encouraged by the good levels of customer demand” and increased customer confidence during the four months.

Its private reservation rate per outlet per week, excluding bulk sales, was 0.61, mirroring the prior year equivalent. The private reservation rate including bulk sales increased 8.1% to 0.67 against 2024’s 0.62.

As previously guided, Bellway’s underlying operating margin for the full year ending July 31 2025 is expected to be close to 11%, up on FY24’s 10%.

Reporting on its half year results in March, Bellway said it remained on track to deliver full year volume output of “at least” 8,500 homes. Today’s update gives a maximum volume of 8,700 homes against 2024’s 7,654 homes. It is fully sold for the current financial year.

The housebuilder also reiterated its statement from March that it would, if market conditions remained stable, be capable of achieving 20% volume …