Persimmon grabs the headlines but where are the smaller builders?

America builds far more homes because it has thriving mid-size building firms that have all but disappeared in Britain

Are Britain’s volume housebuilders too big and too successful? The standard narrative in the UK is that we don’t build enough houses, and that the likes of Persimmon, Barratts, and Taylor Wimpey need to knock out hundreds of thousands more a year if we’re ever going to cap runaway price inflation and house our growing population.

But Britain’s big housebuilders are far from failing. Persimmon (the biggest player in the market) has issued bumper figures, with completions up 6%, profits up 29% and sales barely affected, if at all, by Brexit. Its share price has recovered to within a whisker of its pre-referendum high.

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from Business blog | The Guardian https://www.theguardian.com/business/blog/2016/aug/23/persimmon-grabs-the-headlines-but-where-are-the-smaller-builders