Crest Nicholson has been building new homes for over four decades and is firmly established as a leading developer with a passion for not just building homes, but creating vibrant sustainable communities. Our mission is to improve the quality of life for individuals and communities, both now and in the future, by providing better homes, work places, retail and leisure spaces. Most importantly, we place our customers at the heart of everything we do.

Our development portfolio ranges from contemporary city centre apartments and townhouses to traditional detached family homes and complex regeneration schemes. The success of long term partnership developments such as Park Central in Birmingham, as well as innovative low carbon developments including One Brighton, ICON and Avante, underline the Group's determination to lead the industry in its quest to create innovative development solutions which positively contribute towards achieving a sustainable future.

In today's low carbon world, it is our unrivalled vision and values in design, customer service, innovation and environmental stewardship that set us apart. Responding to the challenges posed by climate change and urban renewal forms an integral part of our approach, positioning us well to lead in the complex and challenging process of delivering sustainable communities.

I am particularly proud of the recognition that we have achieved for our contribution to the built environment. To be bestowed with The Queens Award for Enterprise in Sustainable Development category in 2007 was a real honour. This 5 year accolade is proof of our continued commitment to producing high quality developments that champion the very best principles in sustainability and design. It demonstrates our unquestionable passion in delivering communities where people genuinely want to live, work and play.

Ultimately however, the greatest accolade comes directly from our purchasers and nine out of ten have said that they would be happy to recommend Crest Nicholson to a friend. While both the House Builders Federation and our own independent consultants verify that our customer satisfaction is improving year on year, we will not become complacent. Our priority is to continue to build on this track record and deliver our customers with a home and level of service that continues to surpass expectations.

http://www.crestnicholson.com/

Your @rse was interfering it seems
There was no light at the end of the tunnel

-------------------
and we thought you were dead and buried

pushed?
the hospital needed your bed?

Why housebuilders are off the boil - By Lee Wild | Fri, 14th October 2016 - 13:21

Why housebuilders are off the boil
Share prices have soared Friday, led by Tesco (TSCO), Man Group (EMG) and the miners, at least partially repairing the damage done by a three-day sell-off this week. However, gains would have been more impressive but for grim construction data, which has demolished the housebuilders.

According to the Office for National Statistics (ONS), construction output fell by 1.5% in August from July, much worse than forecasts for 0.2% growth. We're told not to read too much into one month's data, but even the three-month number shows a decrease of 1.3% from the previous period.

It's hardly panic stations, but shares in both Countrywide (CWD) and Crest Nicholson (CRST) have fallen 1.5% Friday, and there are losses at Galliford Try (GFRD), Bovis Homes (BVS), Taylor Wimpey (TW.) and Bellway (BWY). Only Persimmon (PSN) and Barratt Developments (BDEV) are better.

All are still way above their post-referendum lows, true, but momentum has clearly been lost from the recovery in recent weeks.

And that's despite the latest RICS survey which showed a further rebound in activity following the summer lull. The buyer enquiries balance swung from -4.8 in August to +8.3 last month and both sales and price expectations increased in September.

"The recovery in the survey is not unexpected, in our view, and reflects the uncertain environment in the run-up to and post the EU referendum in June, with conditions having now shown signs of normalising," explains broker UBS.

The decline in ONS construction data was driven largely by a 5.1% dive in historically volatile infrastructure output, which had actually risen by 6.1% the month before. The annual figure shows a decline of 9.3%, the sixth consecutive month of year-on-year decreases.

But ONS senior statistician Kate Davies points out that the monthly construction data can be "quite erratic", adding: "As the fall this month is led by infrastructure, it seems unlikely that post-referendum uncertainties are having an impact."

And UBS still believes UK housebuilders "look attractive" given general net cash balance sheets. Still down around 20% since June, the sector trades on 1.4 times price/tangible net asset value (P/TNAV) on 2017 estimates, a price/earnings (PE) ratio of 7.4 times, and dividend yield of 7%.

"Trading patterns since the referendum show sales rates up c3% year-on-year for the sector average, despite the tough comparison basis from 2015," says UBS. "The secondary market indicators have generally been weaker, which we believe in part likely reflects changes in stamp duty legislation. The RICS survey reflects the secondary market and suggests some sequential improvement in this regard."

sold bdev today.

With a 24p div coming up?

408p +11p

Some bounce today, will it carry on with that?

Sure the one with the torch should know if there is light at the end of the tunnel

Better off trading TW. ,been great for small movement recently .

420p +12p

finally the seller is gone and the shares go motoring since late morning yesterday

Brokers TIPS: Barclays' says top pick for CRST

Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive".

In a note on the UK housebuilding sector, the bank said that aside from a brief spike in cancellations immediately after the Brexit vote - which was largely confined to London and commuter towns - housebuilders continue to trade well.

"The EU referendum vote now joins a list of recent headwinds (a general election; the Scottish independence vote) that have failed to derail the sector. Indeed, as memory of the vote continues to fade, strong fundamentals come more sharply into focus.

"With mortgage rates at record lows, government commitment strong (Help to Buy Equity Loans remain in place until 2021) and an embarrassment of riches on offer in the land buying market, fundamentals remain intact," it said.

Barclays said trading since the vote to leave the European Union has defied expectations, while wider economic fears have also tempered. As a result, it lifted price targets on a number of stocks across the sector.

As far as overweight-rated Crest Nicholson is concerned, it pointed to a strong top-line growth focus driven by a move to higher price points.

In addition it said the company's Southern footprint captures attractive end markets. It also argued that the group has "highly-regarded land buying credentials and the fastest sales rate in the listed space".

This is going down daily as are some of the other house builders .

Brokers tips are useless... this is going down. sub 400p again

I am never influenced by brokers tips , TW. has been a good share to trade of late although are we heading for a correction . In the current climate housing stocks should be a good bet.

Morning MARKET REPORT

FTSE 100 was down 75 points, , while FTSE 250 dropped 200 points.

sectors
Lower included commercial property guided by Land Securities (LAND), down 1.32% to 1011.5p, while house builder Persimmon (PSN) sagged 2.19% to 1656p and Taylor Wimpey (TW.) was down 2.03% to 139.90p

How the 200 SMA is working with the 6 month chart
House builders at work

408.20p +9.20 (+2.31%)

Moving higher today with the rest of the sectors, lets see for how long it will last.

Is motoring now 415p +16p

I wouldn't call this motoring.

re - motoring

best performer of the builders

Ofcourse not for you >>>> if you haven't got a motor, just a BIG mouth

CRST 404p ... certainly that's motoring for u.

Stupid girl

that's today not Friday

Have you been sleeping all weekend?

no one to take out Ugly sister for halloween?

CRST must be motoring on a Vespa or Lada engine... LOL