UK house builder Wilson Bowden has said that trading has been in line with forecasts, with prices around 10 per cent higher than last year.
The company revealed that prices in the North and Midlands has been higher than expectations, whilst homes in the South are broadly in-line with forecasts.
A statement from the company said: "There are some signs that the market is becoming less heated. However, we are still selling strongly, at margins consistent with out first half performance."
Wilson Bowden, like many UK house building companies, has benefited from low borrowing costs, high employment rates and a general housing shortage.
The company also announced that it was optimistic about 2005, having already secured most of the residential plots it needs to meet growth targets.
Shares currently value Wilson Bowden at around £960 million. |
