Demand remains healthy for housebuilder

Housebuilder MJ Gleeson says it performed well during the half-year to 31 December 2021 completing the sale of 932 homes – 14.9% more than the pre-Covid half-year to 31 December 2019 of 811 homes.

This was 2% fewer than the 951 homes sold during the half-year to 31 December 2020 – a figure which was affected by the carry-over of delayed completions from the first Covid lockdown at the end of the previous financial year.

The Sheffield-headquartered company says demand for its homes remains strong and expects its results for the full year to 30 June 2022 to be in line with market expectations.

The firm’s trading update adds: “Land continues to be available at sensible prices. Gleeson Homes opened eight new build sites during the half-year to 31 December 2021 and anticipates opening a total of 25 sites during the full year to 30 June 2022.

“The Board re-affirms its target of delivering 2,000 homes in the year to June 2022.

“Gleeson Land sold three sites during the half-year to 31 December 2021, reflecting the continued strong demand for high quality consented land from medium and large housebuilders.”