Persimmon trading statement

graeme at 1:19 p.m. Mon 16 Nov 2009

Persimmon’s trading statement is the most encouraging from the sector so far with sales improving on last year. Even against a weak comparator this is a sign of recovery. Sales taken for next year are up 50% on the equivalent at the same time last year.

Like other house builders, Persimmon has changed its sales mix, which has helped achieve higher prices (by about 6%). This means more houses, possibly bigger houses, and fewer flats.

The comments on outlook are fairly cautious, but the reasons for that have been extensively covered on the site before. The company mentions unemployment as a major current concern.

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