<p><span>Bellway expects its output for next year to be similar to 2022 after previously stating growth ambitions for 2023, citing the “uncertain economic backdrop”.</span></p> <p><span>Reporting on its full year results for the year ending July 31 2022, the housebuilder said it still had the operational capacity to reach <span class="rt">12,200 homes in the current financial year. But, it added, its volume was likely to be “more moderate”, given current challenging economic conditions. </span></span><span class="rt"></span></p> <p><span class="rt"><span>In a trading update on August 9, the business stated that it had a strong foundation to increase volume output in 2023 to around 12,200 homes, representing growth of around 20% over a two-year period.</span></span></p> <p><span class="rt"><span>Today (October 18), it said: “We have a strong order book, and our build programmes are weighted to a higher proportion of social completions and given this, the board currently expects volume output to be similar to the prior year.”</span></span></p> <p><span class="rt"><span>It added that 2023’s volume rested upon the autumn and spring selling seasons.</span></span></p> <p><span class="rt"><span>During the first nine weeks of its new financial year, Bellway saw a “moderation” in its sales rate. Overall weekly reservations dropped 12.4% to 191 per week against the previous period last year.</span></span></p> <p><span …