Profit at housebuilder Bovis doubled over the first half of 2012, boosted by an increase in the sales price of its homes.
The company said pre-tax profit for the six months to the end of June was £16.2m, compared with £8.1m over the same period last year.
Revenue also increased significantly, up 27% to £170.3m.
Bovis has continued to see strong demand thanks to a lack of new homes available and government schemes to spur the market.
It used the financial crisis as an opportunity to buy cheaper land, resulting in higher margins, and focussed on building in the south of England, where house prices have remained strong.
The average sales price of its homes increased by 18% to £164,400, it said.
Bovis chief executive David Ritchie said he expected profit to continue to increase during the rest of the year.
"As a result of a greater number of active sales outlets with an increasing proportion of new, more profitable sites, the group's profits will, subject to stable market conditions, continue to increase significantly in the second half of 2012, in line with the group's expectations," Mr Ritchie said.
New figures show that house sellers dropped their prices over the summer, as would-be buyers were engrossed in the Olympics.
Property website Rightmove described an "aggressive" fall in house prices this month, to an average of £236,260.
The 2.4% drop was the biggest percentage ever recorded by a study for the month of August, the website said.
