<p><span>Persimmon is set to achieve a “good result” for 2020, it said today (November 10), with the business continuing to perform strongly despite the challenges of Covid-19.</span></p> <p><span>During the period from July 1 to November 9 2020, the volume housebuilder’s average private weekly sales rate per site was 38% ahead of 2019. </span></p> <p><span>Its performance was driven by stable selling prices and “resilient demand for new build homes”, as well as a good level of its properties being at an advanced stage of construction, it said.</span></p> <p><span>In the period, the firm worked from around 305 active outlets, 13% lower than last year which it said showed its strong sales rate.</span></p> <p><span>Persimmon said that as expected, with the wider industry’s gradual return to greater activity, its market share in recent weeks had begun trending towards more normal levels, “although sales rates remain ahead of the prior year”.</span></p> <p><span>With strong build rates, the business expects legal completions in the second half of its year to be at least in line with H2 2019, provided there is no “significant disruption” caused by additional Covid-19 measures.</span></p> <p><span>The business said it was “fully sold up” for the current year with around £1.36 billion of forward …
Continue reading
To continue reading this article please login or register.