Bellway plc (BWY.L) in its Interim Management Statement for the four months to 30 November 2009 said reservations taken in the period 1 August to 30 November 2009 averaged 91 per week, 51% ahead of the same period last year, and from an average of 176 sites, compared to 171 sites in 2008.
Cancellation rates have reverted to a more normal level of around 13% with the average selling price of reservations taken some 16% ahead of the same period last year.
Moving ahead, the company's Board anticipates that sales volumes for the first six months ending 31 January 2010 will be 10% ahead of the same period last year, and that an operating margin of 6% to 7% will be maintained.
Further, the operating margin for the year is likely to be towards the higher end of the range of 6% to 7% given at the time of the company's preliminary announcement in October, should current market conditions continue to prevail throughout 2010.
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