Crest Nicholson continues to trade robustly, shareholders told

The FTSE 250 firm added that it was also seeing good sales growth across its areas of operation.

“Demand for new homes continues to be strong underpinned by high levels of employment and government policies to improve access to housing; levels of sales price inflation have moderated which is also helping to maintain affordability for purchasers,” said chairman William Rucker.

In line with its expectations, Crest Nicholson’s total forward sales contributing to the current financial year - including completions in the year-to-date - were at £620m, 15% higher than the £541m achieved at the same point last year.

Cumulative open-market forward sales revenues , excluding PRS, of £342m were 10% higher.

“The company's expansion of the Chiltern and Midlands divisions continues with the current number of sales outlets, at 55, some 12% higher, and further outlet openings planned over the coming months,” Ricker told shareholders.

“The robust sales outlook, combined with the actions that the business is taking to expand its operational footprint, underpin the board's confidence that the company will continue to deliver on its stated growth objectives.”