Miller Homes became the third UK housebuilder to issue a positive trading update after it reported a 32 per cent growth in turnover.

Edinburgh-based Miller joined Cala Group and Barratt Developments in highlighting favourable conditions in the housing market as it announced the increase in revenue to £229.7 million for the first six months of 2015.

The revenue, around a third of which was generated in Scotland, reflected a combination of a 23 per cent increase in core completions to 1,040 units from 845 units over the same period last year and an 11 per cent increase in average selling price to £218,800 from £197,700.

Nearly 300 were in Scotland, 23 per cent more than at the same stage in 2014.

Profit before tax increased by 41 per cent to £23.0m from £16.3m in the first half of 2014.

The operating margin increased from 11.1 per cent last year to 14.3 per cent this time.

Chief executive Chris Endsor said: “Miller Homes’ results demonstrate the successful execution of our strategic plan based on a considered approach to increasing volumes in good quality locations concentrating on family housing. As completions from higher margin land increase, we continue to see significant improvements in operating margin and return on capital. Looking ahead to the full year, our current order book is 25 per cent ahead of last year, positioning Miller Homes for further significant growth in 2015.”

He added that the sales performance since the end of June had continued to be strong despite the traditionally quieter summer holiday period. The order book for the second half of 2015 stands at £221m, 25 per cent ahead of last year.

“We are 93 per cent sold for 2015 and well positioned for significant improvements in our full year results,” Chris Endsor said.

A further 12 sales outlets are opening in the second half of 2015, taking overall outlet numbers above 70 by the end of the year.