{"id":350,"date":"2011-02-18T12:12:44","date_gmt":"2011-02-18T12:12:44","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/?p=350"},"modified":"2011-02-18T12:12:44","modified_gmt":"2011-02-18T12:12:44","slug":"redrow-reports-half-year-profit","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2011\/02\/18\/redrow-reports-half-year-profit\/","title":{"rendered":"Redrow reports half-year profit"},"content":{"rendered":"<p>Housebuilder Redrow, which is the fifth largest housebuilder in the UK by volume, has today reported a profit for the six-month period to 31 December.<\/p>\n<p>The company said net income for the period was \u00a33.5 million against a loss of \u00a36.3 million a year earlier.<\/p>\n<p>Meanwhile, the company based in St. David\u2019s Park, Wales, said revenue was up 15% to \u00a3216.1 million.<\/p>\n<p>Steve Morgan, founder and chairman of the company, has described trading conditions as \u201cencouraging\u201d, adding customers are \u201cmore confident\u201d.<\/p>\n<p>Home reservations in the first six weeks of the year are 10% higher than the same period a year ago, added Morgan.<\/p>\n<p>The company sold 1,312 homes in the six-month period, against 1,266 a year earlier while the average selling price up 16% to \u00a3170,500.<\/p>\n<p>The figures will be a welcome boost to the housing market which is suffering amid falling prices and the ongoing lack of mortgage availability.<\/p>\n<p>In addition, many experts are predicting that the housing market will remain subdued throughout 2011 as a result of economic uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housebuilder Redrow, which is the fifth largest housebuilder in the UK by volume, has today reported a profit for the<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[23],"tags":[],"class_list":["post-350","post","type-post","status-publish","format-standard","hentry","category-house-market"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=350"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/350\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}