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Housing Today
Trusted media brand of the Chartered Institute of Housing
Persimmon reports drop in completions amid planning ‘complexity’
Housebuilder says it still expects to hit its target of building 14,500 to 15,000 homes this year despite 10% drop in development
Persimmon has reported a 10% drop in completions for the first half of the year as ‘planning complexity’ slowed the opening of new sites.
The housebuilding giant, in a trading update for the six months to 30 June, reported 6,652 completions, down on the 7,406 recorded in the same period last year and fewer than the 7,584 posted in 2019 pre-pandemic.
Persimmon also reported an 8% fall in turnover to £1.69bn and an 8.4% drop in pre-tax profit to £439.7m.
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