Persimmon chief warns completions to almost halve to 8,500 homes

House builder Persimmon has warned that flagging sales rates could see home completions slump to around 8,500 this year from 15,000 in 2022.
Reporting good results for last year, Dean Finch, group chief executive, warned that the sales rates seen over the last five months meant completions would be down ‘markedly’ this year
He added that lower completions combined with increased sales and marketing costs against a background of building cost inflation running at 8% would have a signi