Persimmon build rates fall amid material and labour shortages

Housing giant Persimmon built fewer homes in the first half of 2022 than the same period last year blaming material and labour shortages and delays in the planning system.
A trading update today showed Persimmon delivered 6,652 new homes in the first half of this year compared to 7,406 last time.
The firm said build rates were lower than expected “due to further delays in the planning system and material and labour shortages.”Persimmon said it held currently held around 89,000 plots