By Anthony O. Goriainoff

Bellway said sales rose in its fiscal first half and that it was on track to meet guidance for the full year.

The London-listed house builder on Tuesday said house sales rose to 4,702 in the six months through Jan. 31 from 4,577 homes in the same period the year before.

Average selling prices rose to 322,000 pounds ($441,011) from 310,581 pounds.

The private reservation rate per outlet per week including bulk sales--a closely-watched industry metric--was 0.47 compared with 0.51. Excluding bulk sales, the rate rose to 0.46 from 0.45.

Bellway said its forward order book as at Jan. 31 comprised 4,442 homes, with a value of 1.24 billion pounds, compared with 4,726 homes and a value of 1.31 billion pounds the year before.

The company said it was on track to deliver on fiscal 2026's sales guidance of around 9,200 homes, up from the 8,749 homes it delivered in the year through July 31.

The house builder said there were clear signs of improving customer demand in the early weeks of the current spring selling season, compared to the subdued environment through the fall.

"While we remain mindful of the sensitivity of customer demand to mortgage affordability and the evolving economic backdrop, we have been encouraged by a pick-up in both reservation rates and leads for our sales teams," it said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

February 10, 2026 02:39 ET (07:39 GMT)

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