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Morning Briefing: Persimmon ‘bucks trend’ with 30% profit increase
Persimmon has today announced a 30% increase in pre-tax profit
In the news
House builder Persimmon, in its half year results for the first six months of 2017, reported pre-tax profit of £457.4m. Its turnover jumped 12% to £1.7bn.
The figures come despite a slowdown in house price growth since the European Union referendum last Summer. The Financial Times this morning said the results show Persimmon is bucking “the UK housing market slowdown”
However, it is also worth pointing out that rival house builder Berkeley Group in June announced increased profits of 53%, while house prices increased 5.7% in the year to April, so the extent of the slowdown is in any case debatable.
Elsewhere today, local news site Get West London is reporting that some tenants are not happy about the proposed merger between Genesis and Notting Hill. For more on the merger, see this piece from Inside Housing last month.
On to Grenfell now, and The Independent website has followed up the story reported earlier in the week by ITV and others that survivors will have to bid against each other for permanent housing.
More interesting, perhaps, is a piece in The Guardian about the psychological state of the survivors, with comments from psychiatrist Lynne Jones.
In other news, The Sun newspaper has got very excited about a council in Wales placing homeless families in a Pontins holiday camp, and architecture magazine Dezeen has an interesting piece about the potential for “affordable cantilevered housing”.
On social media
The Chartered Institute of Housing’s Futures team has been asking some provocative questions on Twitter, and received some interesting answers:
Q4. Why is #ukhousing so far behind other sectors? #MemberMonday #DifficultQuestions pic.twitter.com/yrHht80x2S
— CIH Futures (@CIHFutures)Q4. Why is #ukhousing so far behind other sectors? #MemberMonday #DifficultQuestions pic.twitter.com/yrHht80x2S
— CIH Futures (@CIHFutures) August 21, 2017
To male, pale and stale! It needs a diversity of characters to drive forward the sector and ensure it rises up all agenda political & other
— Faisal Butt CIHCM (@Fizz77)To male, pale and stale! It needs a diversity of characters to drive forward the sector and ensure it rises up all agenda political & other
— Faisal Butt CIHCM (@Fizz77) August 21, 2017
Money, systems developed by non housing people & can’t tie everything into 1 system, lack of knowledge on the diverse roles within housing
— Jayne Stephenson (@Jaynestep)
Money, systems developed by non housing people & can't tie everything into 1 system, lack of knowledge on the diverse roles within housing
— Jayne Stephenson (@Jaynestep) August 21, 2017
