Housebuilder Persimmon is expected to shrug off the scaremongering that followed the EU referendum over the economy with a positive trading update to the City on Thursday.
GETTYIn early November, Persimmon said the referendum continued to have little impact on the appetite for new homes after its private sales rate raced 19 per cent ahead of last year since it reported full-year results in August.
Persimmon said the new homes market continued to benefit from “resilient consumer confidence and strong lender support”.
Its update to the market comes a week after larger rival Bovis Homes issued an unexpected profit warning, blaming a slowdown in the build and sales rate in December.Bovis said that the number of homes sold by the end of the month would be lower than anticipated, with 180 sales being deferred into early next year because of “slower than expected build production”.
Persimmon’s shares dropped to £13.60 soon after the EU referendum, but closed out the year at £17.76.
The latest mortgage approval data will also be released this week, with observers keen to see whether a slight fall in approvals in November can be reversed.
