Bellway completions rise by 2.7% as average selling prices increase
Total housing completions rose to 4,702 homes, up from 4,577 last year.
Bellway issued a trading update for the six months ended 31st January 2026, which showed total housing completions rose to 4,702 homes, up from 4,577 last year.
The average selling price was about £322,000 compared to £310,581 in 2025.
The private reservation rate per outlet per week including bulk sales was 0.47, down from 0.51.
Excluding bulk sales, the rate was 0.46, slightly up from 0.45.
The forward order book at 31st January 2026 comprised 4,442 homes with a value of £1,241.6m, both lower than last year’s totals of 4,726 homes and £1,311.5m.
Bellway is on track to deliver around 9,200 homes for the full year, up from 8,749 in July 2025.
The group contracted to purchase 4,721 owned and controlled plots during the period, compared to 5,246 last year.
The £150m share buyback, launched in October 2025, continued with 1.76m shares purchased at a cost of about £48m.
Net debt at period-end was £72m, compared to net debt of £8.0m last year.
Adjusted gearing including land creditors was around 10%, up from 8.5% in 2025.
Jason Honeyman, CEO of Bellway, said: “Bellway has delivered a robust first half performance in a challenging market.
“Notwithstanding the current industry headwinds, our forward order book and strong outlet opening programme leave us well-placed to meet our targeted growth in volume output for the full year, and I remain confident that we can drive increased cash generation and shareholder returns in FY26 and beyond.
“We welcome the Government’s reforms to the planning system, however, to make meaningful headway against its ambitious housing targets, the Government must also make an early commitment to ease demand-side pressures by introducing essential financial support for first-time buyers.”
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