Growth PotentialHomes' growth should accelerate in the second half as site openings accelerate.
Market PositioningMJ Gleeson is favored for its exposure to first-time buyers and northern regions, where affordability is better compared to other parts of the UK.
Reservation RatesHomes comes into the second half with improving momentum, reporting a reservation rate of 0.77 per site per week, up 45% on the comparable period.
Sales PerformanceMomentum is expected to improve as Homes benefits from a stronger order book, more sites and a stronger sales rate.