Persimmon says cost of building homes heading north

By Joey Gardiner2021-11-09T10:46:00

Housebuilder says firm will be hit with 5% build rise this year

Persimmon said it expects build costs to rise 5% this year, adding that it was being “frustrated” by continuing planning delays in a trading update this morning.

The £3.3bn turnover housebuilder, issuing an update for the period from July to yesterday, said private reservation rates were 16% above the level seen prior to the pandemic in 2019, a figure which nonetheless puts reservations well down on the same period in 2020.

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