Persimmon Builds Share Gain on Post-Brexit Reservations

The video discusses the performance of home builders like Persimmon post-referendum, highlighting strong sales and low cancellation rates. It covers land acquisition strategies, noting reduced land costs and market opportunities. The economic outlook suggests cautious growth with potential house price declines. The impact of interest rate cuts on the mortgage market is also explored, showing reduced rates and increased borrowing opportunities.

What was the surprising element in Persimmon's performance post-referendum?

• Decrease in sales rates

• Increase in cancellation rates

• Strength of margins and unchanged customer behavior

• Reduction in the number of visitors

Why is Persimmon still purchasing land despite having more than needed?

• To increase their land costs

• To reduce their selling prices

• To decrease their margins

• Due to favorable market conditions

What is the expected trend for house prices in the UK for 2017?

• Rapid increase

• Significant increase

• Slight decrease

• No change

How have mortgage rates changed since the referendum?

• They have increased significantly

• They have remained the same

• They have decreased

• They have fluctuated unpredictably

What is the typical duration for fixed-rate mortgages in the UK compared to the US?

• 30 years in both the UK and the US

• 5 to 10 years in the UK, 15 years in the US

• 10 to 15 years in the UK, 20 years in the US

• 2 to 5 years in the UK, 30 years in the US