<p><span>Crest Nicholson says it has made good progress with its revised strategy during its half year, achieving stable weekly sales.</span></p> <p><span>Issuing an update ahead of its half year results announcement on June 11, the housebuilder said that during the six months to April 30 2019, it had progressed well with its new strategy of halting growth “during this period of heightened uncertainty”, prioritising cashflow and dividends and unlocking value in its land portfolio through partnerships and joint venture (jv) opportunities.</span></p> <p><span>Sales per outlet per week were “resilient”, maintaining the same level as HY 18 at 0.78. At the same time, residential sales achieved to date and forward sold for FY 2019 were 4% down on the equivalent period last year, at £715 million.</span></p> <p><span>Meanwhile, Crest’s total sales achieved and forward sold turnover for the full year – including commercial and land sales/jvs – climbed 4.2%, “demonstrating the benefits of our revised strategy,” it said.</span></p> <p><span>On developing a number of larger sites through partnerships and jvs as part of its strategy, Crest pointed to its completion of a new £229 million jv with the Sovereign Housing Group to deliver around 910 homes at Harry Stoke, Bristol, over future years.</span></p> <p><span>The firm …