Persimmon increases timber frame output

In its third-quarter trading statement the company said it was “encouraged by the level of customer confidence in the UK housing market” and it expected its Space4 factory to deliver 5,500 frames this year, an increase of 30% on 2013.

“Our Space4 new home timber frame factory continues to increase supply to the Group is which is supporting a swifter response to the increase in market demand but is also becoming increasingly cost advantageous,” the company said.

It said customer activity had returned to a “more traditional seasonal pattern” and it was now fully sold for 2014, with limited further stock availability for the current year.

“We continue to experience good forward reservation interest and have around £696m of forward sales reserved beyond 2014, an increase of 12% on the same point last year (2013: £622m).”