UK homebuilder Persimmon is seeing signs of improvement in the housing market as mortgage rates slowly decline.

UK homebuilder Persimmon is seeing signs of improvement in the housing market as mortgage rates slowly decline. The company reported a "particularly strong delivery" in the final quarter of 2023 and noted that build costs continue to moderate, which will benefit completions in 2024. Persimmon's 2023 sales rate fell, but demand improved in the final quarter, and its forward sales position rose.

January 10, 2024
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