A round-up of June's latest headlines from the UK's new housebuilder industry
Bellway Homes have said that they saw a 13% rise in reservations for new homes in the period 1st Feb - 4th June. As well as Bellway, Barratt Developments and Taylor Wimpey also saw a boost to shares. Despite the political uncertainty, the company has said that customer demand has remained strong across all regions.
Gavin Barwell was appointed after Theresa May's two previous staff who shared this role resigned after the shock election result. In a statement, May said that Barwell "has been a first class minsiter and is widely respected" and unlike his predecessors, is widely liked by fellow Conservative colleagues. Barwell had been the housing minister in May's administration before losing his seat.
More than 50% of David Wilson Homes at Riverside Park at Whippingham in East Cowes have been reserved, with events such as the Isle of Wight Festival and Cowes Week likely boosting the idea of island living. The housebuilder has found that homes in this area are proving popular with first time buyers and investors, both from those already living on the island currently and from those living further afield.
These record profits are reportedly largely due to Telford Homes' move into private rented sector (PRS) housing. Telford sells developments to institutional investors who then rent out the space. Chief Exec Jon Di-Stefano has said "over the last 12 months it has become clear that there is now effective institutional demand for high quality, well located developments to be 'built for rent'".
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