Overview

• Persimmon reports a decrease in home sales from 1,439 to 1,416 between July and November compared to the previous year.
• The company is concerned about rising build cost inflation and new building regulations affecting future price negotiations.
• Recent Budget measures, including increased national insurance contributions for employers, are expected to raise operational costs.
• Despite these challenges, Persimmon remains on track to meet its full-year target of approximately 10,500 home completions.
• Forward sales have increased by 40% to £1.45 billion, reflecting more stable market conditions and improved buyer sentiment.