The Charles Church group reported new home completions were down 37% yea- on-year at 1,439 in the quarter to November 6.
Housebuilding giant Persimmon has revealed plunging home completions and cautioned over a “highly uncertain” property market in 2024, despite seeing demand edge up last month.
It saw average weekly reservations slump to 0.48 from 0.63 a year earlier, but said it had seen a strong pick-up in the past five weeks, to 0.59, thanks to improved trading since the start of October. But Persimmon said it was increasingly resorting to incentives to boost demand – standing at about 3.6% on private sales on average in its third quarter – and gave a very cautious outlook over the year ahead.It added: “On the whole, pricing remains broadly stable although we have seen a slight reduction in group private average selling price in the forward order book and an increase in the use of incentives, particularly in the South where affordability constraints are greater.
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