Persimmon confirms new home build rates down 30%

House builder Persimmon said that build rates have plunged 30% in the first three months of this year because of the slump in demand at the end of 2022.
This reduced forward sales position led to a 42% reduction in group completions in the first quarter to 1,136 homes (Q1 2022: 1,950 homes).
In a trading update this morning, Dean Finch, group chief executive, said Persimmon responded quickly to the deterioration in market conditions in the second half of last year, by controlling costs and manag