Persimmon Boosts Homebuilding Targets with Labour's Planning Reforms

UK housebuilder expects to reach top end of its 2024 goals, driven by new government policies and improved market conditions.

Persimmon aims to build around 10,500 homes this year, marking a significant increase in its forecast.
The company's positive outlook is supported by Labour's planning reforms and the recent Bank of England rate cut.
First-half home completions rose 5% year-on-year, with a notable increase in private home completions.
Planning permissions for 6,000 plots have been secured, with 1,000 achieved in July alone.
Consumer confidence and sales rates have improved, bolstering Persimmon's growth ambitions.