Taylor Wimpey says sales and prices rise in healthy housing market

0 33

Taylor Wimpey PLC (LON:TW.) said its order book has risen, while house sales and pricing had been healthy in 2021 so far.

The FTSE 100 housebuilder said that as of 18 April 2021, outstanding orders were worth £2.81bn (2020: £2,67bn) or the equivalent of 10,995 homes.

Net private sales for the year to 18 April had also risen to 1.00 per outlet let per week on average (2020:0.90) while sale prices are also higher than the end of last year.

Pete Redfern, chief executive, said: “The UK housing market continues to be resilient and we are trading in line with our full-year expectations.

“The UK housing market has remained healthy in 2021, underpinned by continued strong customer demand, low interest rates, good mortgage availability and ongoing Government support, particularly for first-time buyers.”

The next phase of Help-to-Buy has progressed smoothly, he added.

Redfern repeated that the company intends to pay a final dividend of 4.14p for 2020 and a similar amount at half-way in the current year.

There will be no special dividend in 2021, but the housebuilder said it does intend to return excess capital to shareholders and will review the position with the next final results in March 2022.

Leave A Reply

Your email address will not be published.