TW stays on course in resilient market

Taylor Wimpey remains on course to deliver 10,400 to 10,800 homes in 2025 with the housebuilder finding the market “resilient” despite recent macroeconomic volatility and affordability challenges.

In a trading statement issued today (April 30), TW said its net private sales rate for the year to April 27 was 0.77 per outlet per week (2024: 0.74), with a cancellation rate of 16% (2024: 13%). Total order book value stood at £2,335 million (2024: £2,093 million) representing 8,153 homes (2024: 7,742 homes).

The firm is currently operating from 201 outlets (2024: 215) and expects to open more outlets in 2025 than in 2024 with openings weighted towards the end of the year. TW expects to deliver approximately 45% of its full year volume in the first half and expects UK average selling price to be in the region of £330,000 in the first half rising to around £340,000 on full year completions. Group operating profit is still expected to reach £444 million in 2025.

TW chief executive Jennie Daly, said: "The spring selling season has progressed in line with expectations, with good levels of customer demand reflected in our sales rate. As a result, we are today reiterating our …