Persimmon Share Price (PSN)

This is their target. "Keir Starmer has pledged to get Britain building again – starting with one and a half million new homes across the country within five years of a Labour government."

That's an average of 300K per year, but from a standing start of 230K built in 2023 (GB), and assuming same again in 2024, a 9% p.a. growth in build numbers would be needed to achieve 1.5m over 5 years. The build in year 5 would be 354K.

I don't see it but it would be great for our society if it happened. It would also help my Breedon shares.

There isn't enough labour to even come close to building 1.5m houses per year.

Lorenzo, House prices will always rise and a correction wont happen without a war, an amreican living solution will be heading to the UK and it will be the rise os people living in caravans that cant afford houses!

Labour are getting in next and they are talking about 1.5m homes being built on brown and some greenbelt. There is no way thats possible without the big builders pumping out houses and the only way that happens is with some kind of help2buy scheme of some sort. It might be a bit stricter than previously but builders build to demand and the demand is there but in order to hit 1.5m there needs to be incentives for buying and building. There is not a single thing a labour government can do to force companies to build more and charge less. That would require law changes to ownership and free markets that even labour couldnt pass so the only way is incentives and lower interest rates.

There is either a big sell or a big buy as it’s went to negotiated trades and the the spread is £14.58- £10.48. I hope it’s not the lower one