YORK-BASED housebuilder Persimmon has forecast growth for the first half of 2003 of at least 20 per cent over last year against a steady market backdrop.
The firm, which acquired Kendal-based Merewood group for £22.6 million earlier this month, said sales since last summer had returned to normal levels of activity.
Updating shareholders ahead of its interim results due out in August, Persimmon said: "Based upon our expectations of a continuation of stable market conditions and with total sales achieved for 2003 ahead of last year, at over £1.4 billion, we look forward with confidence to achieving further growth in 2003."
Persimmon's average selling price for the six months to June 30 was £152,000, an increase of ten per cent on last year.
Updated: 14:20 Wednesday, June 25, 2003
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