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Housebuilding giant Persimmon is pinning its hopes on a recovery in the housing market later this year as it aims to bounce back for a difficult time for construction firms.
The York-based company saw its profits more than halve last year as the number of houses it completed fell from almost 15,000 to 9,922.
In first quarter results released this morning to the Stock Exchange, Persimmon said it was on track to deliver growth and get its housing completions to between 10,000 and 10,500 in 2024. That confidence came despite another fall in Q1 completions, from 1,136 a year earlier to 1,027.
Read more:housebuilder hits out at 'broken' planning system
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