Wilson said that he was unaware of any recent moves to accelerate the planning process and added, 'If they are serious, I am heartened but all I know is that delays are frustrating and not ideal.' Despite the delay in getting new homes onto the market, Wilson Bowden announced that it had sold 1,809 units in the six months to June, a jump of 8.1% on the same time last year. Fears of a slowdown in the housing market were dismissed: 'I don't think that price rises are unsustainable. They may slow down a bit but it doesn't really concern us provided there is a little bit of an increase to cover increases in building costs,' said Wilson.
The house builder posted a 14% rise in both interim profits and sales to £59 million and £351 million respectively and is seen by analysts as a steady operator in the business, unlikely to be a target for hostile takeovers. The interim dividend was lifted by 0.5p to 5.5p.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.