Taylor Wimpey hails strong performance but with caution ahead

Nov. 13, 2018
<p><span>Taylor Wimpey has enjoyed a strong performance during the second half of this year, although it has seen “some signs of customer caution” with volume expected to be broadly flat next year.</span></p> <p><span>The housebuilder said its sales rate for 2018 to date had remained robust at 0.81 sales per outlet per week, the same rate during the equivalent period last year, with all three of its divisions experiencing “good levels of customer demand”.</span></p> <p><span>During 2018 to date, the business has operated from an average of 275 outlets (2017 equivalent period: 290) with the company beginning to increase the number of build teams on certain larger sites as it concentrates on “increased efficiency”. It said that current outlets at 261 (2017: 285), were slightly lower than expected, due to delays affecting the timing of outlet openings.</span></p> <p><span>Taylor Wimpey’s current total order book is 12% above the equivalent period last year at 9,783 homes, standing at around £2.4 billion, up 9%.</span></p> <p><span>The business added that it was on track to deliver its full year 2018 results in line with expectations. However, it said that looking ahead, “whilst current forward indicators for sales continue to be solid, unsurprisingly due to the heightened political …

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