Taylor Wimpey makes good second half progress

Nov. 9, 2020
<p><span class="bc"><span>Taylor Wimpey has “made good progress” in its second half, it said today (November 9), with the business set to deliver full year 2020 results “towards the upper end of market expectations”. </span></span></p> <p><span class="bc"><span>During the second half of its year to date, the volume housebuilder has achieved a sales rate of 0.76 homes per outlet per week against 0.93 during the equivalent period last year. This is at 0.73 homes per outlet per week for the year to date (2019: 0.97).</span></span></p> <p><span class="bc"><span>Taylor Wimpey said that on many sites it was currently selling for completions in Q2 2021 “and beyond”. It expects rates to improve further “as construction catches up with sales over the next few months”.</span></span></p> <p><span class="bc"><span>It added that customer forward indicators and sales had remained robust, with the housebuilder’s current total order book representing 11,530 homes as of November 1 against 2019’s 10,486. </span></span></p> <p><span class="bc"><span>The order book’s value increased 11% year-on-year to £3 billion; Taylor Wimpey said the private average selling price here was ahead of 2019 levels. "</span></span><span>We are working to transition to the next phase of Help to Buy with Homes England and therefore the order book and sales rate do not …

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