Persimmon has reported a fall in completions of 37%.

The housebuilder, in a trading update for the three months to 6 November, said it completed 1,439 homes in the period, down on the 2,270 for the same period last year, due to a “slower sales environment.”

 It said it expects to build around 9,500 homes in its full year, down 36% on the 14,868 built the previous year. Persimmon has previously said a drop in completions is expected due to the low forward sales position at the start of the year. Forward sales increased from £1.4bn to £1.6bn quarter-on-quarter but is still down on the £2.09bn for the same period last year.