Persimmon Plc (LSE:PSN) trading update will see plenty of focus on sales rates so far in its second half, especially in October as it will be the first housebuilder to report on this period.
In August, Persimmon said sales rates were down 11% compared to the prior year with an implied sales rate of around 0.7 per site per week.
UBS expects that ratio has deteriorated since with rivals Bellway reporting a decline of 34% and Barratt 47%.
Profits this year of around £1bn are expected by the Swiss broker, but for 2023 it is forecasting a sharp drop to £566mln as trading conditions and demand deteriorate even more.