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Trading statements

McCarthy & Stone notes progress in rebuilding order book

05 July 2017 07:47

McCarthy & Stone said it has made good progress in rebuilding its forward order book despite the lower number of new sales releases this year.

CEO Clive Fenton said the market for high-quality retirement housing remained strong notwithstanding any potential uncertainty as a result of the UK General Election outcome and the underlying housing market continues to be supported by low interest rates, good mortgage availability and low levels of unemployment.

"In light of this attractive backdrop and our strong workflow position, we remain confident of our ability to deliver our growth objective of building and selling more than 3,000 units per annum," said Fenton.

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