In an update ahead of its Final Results for the year ended 31 December 2016, which will be released on 27 February 2017, Persimmon has announced a rise in revenue and volumes.
The national housebuilder has announced that revenues for 2016 of £3.14bn were 8% higher than the prior year (2015: £2.90bn) with legal completion volumes increasing by 599 new homes to 15,171 (2015: 14,572). The Group’s average selling price increased by 4% to c. £206,700 (2015: £199,127).
It has also announced strong sales reservations through the autumn season with healthy customer demand for new homes. The company’s statement notes that: “Buying a new-build home remains a compelling choice supported by competitive mortgage offers which continue to make a new home purchase very affordable.”
The Group’s private sales rate for the second half of the year was 15% ahead of the prior year and second half legal completion volumes of 7,933 were 695 stronger than for the first half of the year.
255 new development sites were opened across the UK during the year and the Group is building on all sites which have an implementable planning consent.
A further update on the company’s assessment of the housing market over the early weeks of 2017 will be included when it announces its results for 2016 on Monday 27 February 2017.