Persimmon has raised its full-year homebuilding target after reporting higher income, profit, and completions for the first half of the year, according to The Guardian. The company’s share price rose about 3% following the announcement, Yahoo Finance UK reported.
The housebuilder said it delivered more new homes despite what it described as a challenging market, The Times reported. Persimmon also saw increases in both revenue and profit over the six-month period, according to Property Week.
The Guardian attributes part of the company’s optimism to what it calls the “Burnham bounce” — a reference to the government’s push on housebuilding under Housing Secretary Angela Rayner, whose constituency is in Greater Manchester. The term appears to reflect expectations that planning reforms could accelerate construction activity.
Persimmon’s updated guidance suggests it expects to complete more homes in the full year than previously forecast. The company’s results were published on Thursday, August 6, 2026, and were covered by multiple outlets including building.co.uk, which noted the improved figures came despite the difficult trading environment.
The company’s performance stands in contrast to the broader UK housing slowdown, which has weighed on many developers. Persimmon’s ability to increase completions during this period points to strong demand in certain segments of the market, according to The Times.
Investors responded positively to the news, pushing the stock higher on the day of the results.
What to watch next: Whether the government’s planning reforms translate into sustained volume growth for Persimmon in the second half of the year.
