TW to increase completions in “robust” market

Taylor Wimpey completed 10,593 homes in 2024, 2% down on the year before but ahead of expectations. Describing the market this year as “robust”, TW expects completions in 2025 to be between 10,400 and 10,800 homes.

Announcing its 2024 full year results, Taylor Wimpey revealed that revenue in the year fell 3.2% year-on-year to £3.4 billion, while operating profit fell 11.5% to £416.2 million. Its UK net private sales rate was 0.75 homes per outlet per week (2023: 0.62) and its UK average selling price on private completions fell to £356,000 (2023: £370,000) with the overall average selling price £319,000 (2023: £324,000).

Taylor Wimpey ceo Jennie Daly said: "I'm pleased with our performance in 2024, delivering a strong sales rate and in line results while achieving the highest customer service scores and overall build quality that we have ever had at Taylor Wimpey. This is testament to the hard work and commitment of our teams across the group.

“The start of the Spring selling season has been robust, and we have seen good levels of demand for our homes. Affordability - while remaining a challenge for many, especially first time buyers - is also moving in the right …