Persimmon ups timber frame output as demand soars

Aaron Morby 12 years ago
Share

Persimmon has plans to open around 20 more sites before the end of 2013 bringing its tally to 400 sites under construction.

Also the house builder has ramped up production at its timber-frame Space4 factory to meet fast rising demand and production levels are 25% ahead of last year.

Persimmon said forward sales beyond 2013 were 41% up compared to the same time last year at £650m and it had now sold 3,000 homes under the Help to Buy scheme since it was introduced last April.

In a trading update it said: “The improvement in build efficiency captured by this modern method of construction is helping us to respond to the improved sales rates we are experiencing while also providing further benefits of cost control on site.

“We have also been encouraged by the support provided by our suppliers and sub-contractors to our increased build requirements and look forward to the further development of these long term relationships as they grow in partnership with Persimmon.”

Persimmon said it had now successfully opened 65 of the 85 new sites identified for the second half of the year to refresh and maintain its national network of 385 sites.

“These new sites have delivered encouraging reservation rates and will support further margin expansion in the future.

“We anticipate the number of sites in our network will increase towards 400 outlets by the end of the year.”

Latest news

One in four construction workers now under 30

CSCS workforce scan data debunks fears of greying workforce timebomb
5 hours ago

Kier-led consortium lands £200m fusion energy plant

ILIOS wins race to revamp West Burton Power Station in Nottinghamshire
23 hours ago

Bid race starts for £5.5bn flood defence super-framework

Framework will run from 2027 with projects worth up to £150m each
5 hours ago

Pothole crisis deepens despite funding rise

ALARM report reveals one in six local roads has less than five years’ structural life left
6 hours ago

Flood defence pipeline swells with £1.4bn boost

Environment Agency details 600 schemes set to roll out as it ramps up delivery push
4 hours ago

Robertson uses blow-up roof to keep hospital dry

Inflatable tent system replaces bulky scaffold sheeting on hospital upgrade
20 hours ago

Vistry appoints new chair as CEO succession plan gathers pace

Woodward lined up to chair Vistry as Fitzgerald steps back
5 hours ago

Final HS2 TBM starts drive towards Euston

Skanska Costain STRABAG joint venture starts last bore
5 hours ago

West Midlands Police attacked over abnormal loads

Industry leaders sound warning over force's approach to escorting site kit
5 hours ago

TClarke pulls off Agratas gigafactory job

NG Bailey set to take on bulk of TClarke work at Somerset EV battery factory
1 day ago

McAleer & Rushe wins £50m London student job

Gateway 2 approval for 284-bed Stratford scheme
1 day ago

Bill for bailing out British Steel set to top £1.5bn

Huge cost revealed of protecting construction supply chain
1 day ago

Graham to shape £35m phase 1 Hereford bypass design

Design and technical work begins ahead of summer construction tender
2 days ago

Berkeley holds profit forecast despite global turmoil

Middle East tensions, inflation risk and BSR delays cloud outlook
4 days ago

Wates wins key Parliamentary construction advisory role

Firm will oversee site delivery standards across Parliament’s building programme
1 day ago

Framework orders lift Tomlinson turnover to £93m

Derby contractor banks steady pipeline of education and civic schemes
4 days ago

Wet winter and nervous clients hit construction workload

Commercial proved the only new work sector to grow in January
4 days ago

Cardiff clears path for Wales’ tallest tower

50-storey build-to-rent skyscraper planned beside Central Station
4 days ago

VolkerFitzpatrick wins Didcot Science Bridge

Latest award under £332m infrastructure improvement scheme
4 days ago

Former facade boss Lee Marks joins Skanska

Experienced exec has had stints at Permasteelisa, NG Bailey, Laing O'Rourke and nmcn
5 days ago

Mace and Arup land roles for UK’s first small modular reactor

Team named for early engineering and programme strategy for Anglesey reactor
5 days ago

Vistry eyes summer start for Camden estate rebuild

Planning decision paves way for 480-home Juniper Crescent regeneration
4 days ago

Green light for Sheffield Cole Brothers store revival

Grade II listed department store set for comeback as leisure and office hub
5 days ago

Morgan Sindall starts delayed £29m Newcastle leisure centre

Ground broken on West Denton scheme six years after old pool closed
5 days ago

UK’s biggest AI data centre plan approved

North Lincolnshire scheme to cost £7.5bn to build
5 days ago

Vistry boss buys £893k shares after stock slide

Outgoing chief Greg Fitzgerald snaps up shares after brutal market sell-off
5 days ago

CITB accused of cutting cash for small contractors

More changes to how training body hands levy funds back to contractors
5 days ago

£25m Dartford town centre housing job heads for tender

Council pushes ahead with former Co-op site 69 home redevelopment
5 days ago

Galliford back in affordable housing with £28m Chester job

Contractor returns to partnership housing after 6-year break
6 days ago

Morgan Sindall submits Crystal Palace refurb plans

Major revamp unveiled for iconic south London sports centre
5 days ago