Housebuilder Persimmon PLC (LON:PSN) unveiled strong first-half trading despite EU referendum certainty, but said planning delays were holding it back.
Persimmon increased its legal completion volumes by 6% to 7,238 new homes in the six months to June 30 against 6,855 a year ago.
With the average selling price of about £205,500 having increased by 6%, group revenues of £1.49bn were 12% ahead of last year's £1.33bn.
The group said low borrowing costs and healthy labour markets continued to support consumer confidence through the first half of the year.
Mortgage approvals for home purchase in the first quarter of 2016 were 18% ahead of the prior year.
Approvals remained ahead of last year for April and May despite increasing uncertainty in the run-up to the EU referendum and notwithstanding strong prior year comparatives after the UK election in May 2015.
"We continued to take good levels of sales through May and June with our private sales rate being about 1% ahead year on year," the group said.
It added: "We continue to experience delays to the start of construction on new development sites due to local inefficiencies in the planning system.
"However, the group has an excellent pipeline of a further c.100 new outlets on which construction is expected to start in the second half."