<p>Vistry has revised its pre-tax profit expectations for 2023 upwards, it said today (May 18), as its market conditions improve and it makes “good progress” on its integration with Countryside.</p> <p>In a trading statement for the calendar year to date, the housebuilding and partnerships business said it anticipated delivering adjusted pre-tax profit for FY 2023 “in excess” of £450 million, up from the £440 million quoted in March. </p> <p>During the first 19 weeks of the year, the group traded “in line with expectations”, with its overall average weekly private sales rate per site at <span>0.83 for the year to date. During the first 11 weeks, this had been at 0.54.</span></p> <p><span>Vistry’s group forward order book currently totals </span>£4,475 million, totalling £3,067 million for Partnerships and £1,408 million for the Housebuilding division (May 2022 for Housebuilding: £<span>1,563</span> million). The pre-Countryside Partnerships forward order book in May 2022 stood at £1,411 million.</p> <p><span>During the period, Housebuilding saw “good, sustained levels of customer interest” with the private sales rate showing an “improving trend”, driven by lower mortgage rates and increased mortgage availability since the start of 2023. Vistry said it was continuing to use “targeted” incentives, particularly for first time buyers, according …