Persimmon PLC (LSE:PSN) reported an increase in its sales rate in the first four months of 2025 and reiterated its guidance for the full year.
Shares in the housebuilder fell 2% in early trading but were flat by mid-morning at 1,294p.
Trading for the period 1 January to 27 April saw sales per site per week increased 1% to 0.74, or 3% to 0.65 excluding bulk sales.
Analysts said this was solid progress from the rate of 0.59 ex-bulk in the first nine weeks of the year.
Private forward sales rose 17% to £1.68 billion, of which 12% growth from sales volumes with private average selling prices in the order book up 4% to £293.3k due to an improved housing mix.
CEO Dean Finch said: "Persimmon has started the year well, building on our strong performance in 2024 with an improved private sales rate, an increase in average selling prices and further growth in our network of outlets."
He said the group has seen "no immediate impact on the business or on customer confidence from recent geopolitical uncertainty.
"Consequently, at this stage we remain on track to deliver further growth in completions to between 11,000 and 11,500 for the full year, providing the UK housing market remains stable."