Housing Market Recovering but ‘Long Way From Buoyant’, Warns Housebuilder

Housing market recovering but ‘long way from buoyant’, warns housebuilder

Falling mortgage rates and wage rises are helping the housing market to recover, house-builder Crest Nicholson has said as it revealed its profits tripled in recent months.

Housing market recovering but ‘long way from buoyant’, housebuilder says

Profit up on lowered revenue in Crest Nicholson half-year figures

Housebuilder recovered nearly £12m from third parties for remediation cost in the half

Crest Nicholson recovers from hefty fire safety provision

Housebuilder Crest Nicholson has returned to profitability in the first half of its financial year, after provisions for fire safety remediation triggered a sizeable loss in 2024. In the six months to 30 April this year, the firm generated a pre-tax profit of £9.4m from… The post Crest Nicholson recovers from hefty fire safety provision appeared first on Construction News.

Crest Nicholson profit triples as housing market recovers

The London-listed firm said adjusted pre-tax profit more than tripled to £7.9m in the six months ended April 30