Persimmon’s house completions for the first half of 2010 grew by 16% to 4,567, it said in a trading statement.
The average selling price rose by 8% on a year ago to £168,500, with underlying price growth of 3% since the start of the year.
Turnover increased by 26% to £785m, with operating margins rising to 7.5% (2009: 1.5%).
Since May it has experienced the normal seasonal slowdown in private sale reservations but also partly due to uncertainty prior to the government’s emergency budget.
“In the short period since the budget, sales have been in line with our expectations,” said group chief executive Mike Farley.
Total sales this year, including forward reservations, are £1.5bn.
“While we remain cautious, we have a strong platform for profit growth as and when the housing market improves further,” said Mr Farley.
