RE: Persimmon to be kicked out8 Jul 2019 09:09
Persimmon’s contribution to the HtB scheme is enormous and benefits lots of first time buyers. Let’s get this straight it the first time buyers that benefit from HtB, Housebuilders merely operate in a market place driven by demand , it is the Government that has created the demand with HtB the Housebuilders are merely reacting to market demand, yes Volumes have increased and yes Housebuilders have benefited. There is no manipulation of house prices by individual Housebuilders ,
prices are driven by demand. Persimmon have benefitted because their historic cheap land bank enables them to make better margins. Building Materials costs are pretty much inline with other volume Housebuilders, Labour costs are also inline with other competitors. Labour , Land and Building Materials are rising in price due to demand, it is clear that quality craftsmanship is in demand and Government & Housebuilders must do more to encourage Apprenticeships to ensure that they can encourage craftsmanship and sustain quality in the years to come, houses are too expensive to expect customers to put up with second best.