Persimmon build rates lower than expected amid shortages and planning delays

persimmon min

Rising costs, planning delays and material shortages restrict new build, but housebuilding giant expects profit in year to be better than expected

Persimmon completed 6,652 homes in the six months to 30 June which it says was “slightly lower” than it previously expected.

The housebuilding giant, in a half-year update this morning, said its completions fell 10% from the 7,406 recorded for the same period the previous year.

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