Housebuilders sales grow as surging prices offset higher costs

Major firms reported sales growth as demand remained resilient despite recent interest rate increases.

Construction companies Bellway and Crest Nicholson said trading has been buoyed by strong price growth (Gareth Fuller/PA)

By Henry Saker-Clark, PA Deputy Business Editor

Housebuilders Bellway and Crest Nicholson have shrugged off concerns over a slowdown in the housing market as they told shareholders that demand is continuing to outpace supply.