Housebuilder Persimmon has blamed supply chain problems, labour shortages and Government inaction on the planning system as it reported a drop in sales in the first half of the year.
The York-based firm, generally considered to be the UK’s second largest housebuilder, has released a trading update in which sales for the first half of 2022 fell 8% to £1.69bn. House sale completions also fell, from 7,406 in the same period a year earlier to 6,652.
The company said its forward sales of £1.87bn were ahead of last year’s levels, however, and soaring house prices were more than making up for the increasing costs it was seeing.
