The rise in private house building lifted Bellway’s total completions by 6% for the year to 5,266.
In a trading statement for the year to July-end, Bellway said demand for new homes remained resilient and with investment in site openings lifted average weekly reservations to 101, an improvement of 9% on the prior year.
Bellway spent £300m securing 4,560 plots over the past 12 months, leaving it with a net bank debt of £41m.
The house builder said it had ample bank facilities of £300m, which would allow the firm to press for volume, margin and average selling price growth in the year ahead.
Bellway said the Government’s NewBuy scheme contributed 133 reservations in the 20 weeks since its launch in March.
But it joined other major house builders in warning the longer-term effectiveness of the incentive remained dependent on lenders’ product affordability and credit scoring.