Accounts for the six months to 30 June 2019 revealed a 10% increase in operating profit to £77.8 million (H1 2018: £71.0m), following a 13% increase in core and joint venture completions to 1,684 homes (H1 2018: 1,493 homes). Forward sales reached record levels of £368m and 7% ahead of last year.

Miller continued its “disciplined approach” to land investment with all land acquired in the period at or above the group’s hurdle rates. The group’s owned landbank increased by 5% to 9,668 plots (Dec 2018: 9,174 plots) and all sites which benefit from an implementable planning permission are being developed.  The strategic landbank has increased by 7% to 18,591 plots (Dec 2018: 17,331 plots) and serves to underpin the planned future growth of the business.

Despite “unprecedented political uncertainty”, Miller said the housing market in its regional markets remained robust with demand levels remaining high for good quality new build homes.

Chris Endsor, chief executive, said: “Miller Homes has again achieved significant levels of growth, with volumes up 13% and operating profit 10% ahead in the first half of 2019. To have delivered an operating margin of 20% demonstrates the resilience of our regional markets and the Group’s disciplined approach to land buying and cost control. Customer demand has remained strong set against a backdrop of competitive mortgage rates but just as importantly an overwhelming need for many of our customers to acquire a new home.

“As a further sign of our confidence in our regional markets, we invested significantly in land in the period, acquiring 12 sites at a cost of £94m. Our new Teesside region will be launched in the second half of this year, becoming fully operational from the start of 2020.

“The other key focus areas for the business remain customer satisfaction and employee engagement and in relation to both, we continue to perform strongly. Our customer satisfaction scores continue to exceed 90% and a recent employee survey has confirmed that 94% are positively engaged in the business.

“Our regional proposition, supported by significant land investment, excellent build quality and customer service delivered by a highly engaged workforce mean that we are on track to achieve 4,000 homes by 2021.”

The results come as the housebuilder prepares to consult on plans to deliver more than 200 homes on a former university campus on the outskirts of Barrhead.

Planning permission is being sought to create 233 homes on the University of the West of Scotland’s Thornly Park site, which is just off Caplethill Road in the Glenburn area of Paisley.

The firm will hold a consultation event today between 1pm and 7pm at the Robertson Trust Sports Centre, within the Thornly Park campus, for residents to comment on the planning proposals.