These Are Good Times For Housebuilders: Persimmon
Persimmon plc (LON:PSN) is performing well and throwing off increasing amounts of cash.Sales rates per site are running 20% ahead of pre-pandemic levels and prices are rising by almost 5% p.a.The group has upped its rate of land buying in the face of strong customer demand for new homes.Q2 2021 hedge fund letters, conferences and more Persimmon Is Accelerating Their Cash Returns To ShareholdersCommenting on today’s trading update from Persimmon, Steve Clayton, fund manager of the HL Select UK Income Shares fund, which has a holding in the company said: “Persimmon is performing well and throwin...