<p>Total revenue at Bellway rose by 26.9% to £2,240 million in the year to July 31 as a result of the firm selling a record number of homes in the period.</p> <p>In the group’s seventh successive year of volume growth, Bellway sold 8,721 homes, 12.5% up on the year before (7,752). Of these 7,345 were private sale homes, up 19% year on year, while social housing sales were down 12.5% to 1,376. Average selling price rose 12.9% to £252,793 (2015 - £223,821).The performance has resulted in an operating margin of 22.0%.</p> <p>Bellway chairman John Watson said: "The long term outlook continues to be positive, supported by strong customer demand, a substantial forward order book and favourable trading conditions across all areas of the country where Bellway operates. Whilst there is some uncertainty following the result of the EU referendum, trading since that date has remained resilient. Bellway has invested significantly in high quality land opportunities and infrastructure over recent years. As a result, with its strong balance sheet and structure of 19 operating divisions, the group is well placed to deliver additional value for shareholders through further disciplined volume growth in the current financial year."</p> <p>The firms said that reservations …
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