4th Nov 2015 07:37
LONDON (Alliance News) - Housebuilder Persimmon PLC on Wednesday said activity in the UK housing market improved as expected into the autumn season, driving up its private sales rate in the second half so far and keeping pricing robust across its regional markets.
The FTSE 100-listed group said its private sales rate has increased 12% year-on-year in the weeks since it published its interim results on August 18, building on the 5.0% increase it posted in the summer weeks following the end of the first half at the end of June.
Pricing is still strong across its regional markets, the group said, while mortgage approval volumes have continued on the positive trend seen since the second quarter of the year, with approvals for house purchases to the end of September up 13% year-on-year.
Persimmon expects its strong growth rate to continue through the remainder of the year and said it anticipates the measures being taken to improve productivity across the business will support further increases in housebuilding volumes and produce higher returns on capital employed.
By Sam Unsted; [email protected]; @SamUAtAlliance
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