<p>Gleeson is reorganising its operating structure to help it continue its growth path “as market demand recovers”. It is the latest housebuilder to report improving sales rates into the new year, but with projections for its full year affected by the recent challenging conditions. </p> <p>Reporting on its half year to December 31 2022, the low-cost housebuilder and land promotion company said it had started to see “a tentative return of confidence to the market” and expected new homes demand to “slowly recover” throughout the year. </p> <p>In the past four weeks, Gleeson Homes’ net reservation rates were 0.50 per site per week, compared to the 0.25 of the ten weeks before Christmas. But it said sales rates remained “below those typically seen at this time of year”. </p> <p>It is now expecting to deliver between 1,650 and 1,850 homes for its full year. This follows a trading update in November in which it said that after reviewing various scenarios, it could deliver volumes “anywhere in the range” between 1,600 and 2,000 units. During the year ending June 30, it sold 2,000 homes.</p> <p>In response to macroeconomic challenges, the homes division is reorganising its operating structure “to ensure that it …