<p>Total home completions at Taylor Wimpey rose 4% in 2016 to 13,881, 19% of which were affordable according to a trading statement issued on January 11.</p> <p>"We are pleased to report good progress in 2016, with an increase in housing completions and robust trading despite wider macroeconomic uncertainty," said Pete Redfern, chief executive of TW. "In a market characterised by solid fundamentals, we ended the year with a strong forward order book and made good progress against our enhanced medium term targets. We expect to deliver full year profitability at the upper end of market consensus."</p> <p>The firm's net private reservation rate in the year was 0.72 homes per outlet per week, slightly down on 2015, but private average selling price was up 13% to £286,000.</p> <p>The firm expects to report an improved operating profit margin in 2016 of around 20.8% (2015: 20.3%) and a return on net operating assets of more than 30% (2015: 27.1%).</p> <p>TW ended the year in a strong position with net cash of around £365 million (December 31 2015: £223.3 million net cash).</p> <p>The statement said: "We start the year in an excellent financial and operational position with significant embedded value in our short term …