Affordable housing production by Crest Nicholson has rocketed by 131% over the past year. The company completed 712 units and CEO John Callcutt said he believed the urban renewal market could be worth £30bn. Reporting annual pre-tax profits to October last year up 10%, Callcutt said Crest was benefiting from government support for mixed-use regeneration schemes such as Bristol Harbourside and Birmingham’s Park Central. He said: “Ethical housebuilding is the future and we are the leader in the field.”