Last checked at 
For the year, Cairn Homes reported a pretax profit of
Revenue was helped by 418 unit sales completed in the year at an average selling price of
As at Monday, Cairn Homes has a forward sales pipeline of 383 units, with a sales value of
Cairn Homes is currently active on eleven developments, up from five at the end of 2016, which is expected to deliver at least 3,650 homes. The company expects three further site developments in 2018.
With market conditions remaining positive with strong demand across all price points, as ongoing supply constraints expected to continue raising demand for new homes above medium term supply, Cairn will look to broaden its product mix across first time buyers, high density apartments and student accommodation.
"Last year we focused on delivering new homes of high quality and we are very pleased with the progress made on new site commencements, units constructed and new homes sold, all of which exceeded our expectations. We also enhanced our landbank through both targeted acquisitions and increased densities from revised planning permissions on existing sites," said Chief Executive Officer Michael Stanley.
"These achievements don't happen without quality people with the right combination of expertise and homebuilding experience. The
Shares in Cairn Homes were up 0.7% at
