Gleeson Homes has welcomed its 400th employee to the company and said direct employment has grown by over 300 per cent over the past five years.
The Sheffield-based housebuilder has set a new target of completing 2,000 units per year within the next five years.
Gleeson said that despite Brexit, demand for its low cost homes, which are aimed at first time buyers looking to quit the rent trap, remains extremely high with buyers often queuing throughout the night to secure homes as soon as they released for sale.
Jolyon Harrison, CEO of Gleeson Homes, said: “Experienced and enthusiastic personnel are key to maintaining Gleeson’s position as a strong profitable business. We are delighted to welcome our 400th employee to the Gleeson team.”
The urban regeneration housebuilder said home buyers are keen to buy houses in former pit villages and other deprived areas in the North of England.
The firm, which specialises in building houses on land that no-one else wants to buy and turning it into a desirable area that rejuvenates the local economy, reported a 17 per cent leap in profits to £33m in the year to June 30. The average selling price has been cut to £122,700 from £125,700 last year, making its houses far more affordable than rivals.
Gleeson sold 1,013 homes, up from 904 last year. The group said affordability remains very attractive and demand is exceeding supply.
Mr Harrison said 92 per cent of its customers are first time buyers.