<p>Bellway has reported a 50% increase in pre tax profit for the year ending July 31 2011, returning £67.2 million on turnover up 15% to £886.1 million.</p> <p>The firm sold 4,922 homes up from 4,595 and achieved an average selling price of £175,613 (£163,175).</p> <p>Chairman Howard Dawe said: "The Group's average weekly reservation rate rose during the early part of 2011 and did not fall until the summer months - a typical pattern for a normal housing market. Reservations in the first nine weeks of the new financial year are almost 11% ahead of the same period last year."</p>