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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Persimmon blames labour and material costs for 10% drop in completions

A Persimmon development in Coventry.
A Persimmon development in Coventry. The company’s shares fell 5% in early trading on Thursday. Photograph: Darren Staples/Reuters

Persimmon, one of Britain’s biggest housebuilders, said shortages of materials and labour contributed to a 10% drop in the number of homes built in the first half of the year.

The company completed 6,652 homes in the first six months of 2022, down from 7,406 a year earlier. It blamed further delays in the planning system, as well as material and labour shortages. Customer inquiry levels were healthy and cancellation rates low, Persimmon said.

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