Persimmon Homes plan to open 85 new homes sites in H2 2013
Having already opened 90 residential property sites in the first half of the year, housebuilder Persimmon Homes plan to open a further 85 sites in the second half of this year, in a bid to meet growing demand for new homes.
The company legally completed 5,022 new homes in the first six months of 2013, a 7% increase on the first half of 2012.
Persimmon's forward sales are 19% ahead of this time last year. At 30 June the value of forward sales was c. £920m, up from £774m during the same time last year. Private sales forward revenue was c. 24% ahead of last year whilst the value of housing association forward sales increased by c. 10%.
Demand for new homes is being fuelled partly by the government's Help to Buy share equity scheme. Introduced in April 2013, the initiative has generated a positive response from prospective homebuyers, bringing additional momentum to the new homes market.
In order to cope with rising demand from homebuyers, Persimmon Homes is recruiting 225 young people to join the business.
The new jobs will be spread across Persimmon's 24 regional businesses in England, Wales and Scotland and includes 125 brick-laying and joinery apprentices, 50 trainee sales advisors and 50 graduate/trainee technical staff.
Current chief executive, Jeff Fairburn, began his own career 30 years ago at the age of 17 on a Youth Training Scheme in the construction industry and many of the current directors in the business also began their careers straight from school.
"This is a fantastic opportunity for young people to join a thriving business," said Fairburn. "We work hard on our training programmes and enjoy sharing our knowledge with young people and progressing them through the business. You never know, one of these young people may be our future chief executive in years to come!"