Vistry exceeds first half trading expectations

Private and partnership homes builder Vistry is reporting bumper first-half trading with the firm expected to exceed profit targets.
In a trading statement ahead of reporting interim results Vistry this morning reported strong demand fueling price increases of 5% to 8% on private homes.
Greg Fitzgerald, chief executive, said that price increases continued to offset cost increases in the period.He said: “Overall, we continue to expect to see build cost inflation for 2022 in the region of 6%