Taylor Wimpey expects to start new work in autumn

By Michael Willoughby and Michael Willoughby Michael Willoughby2009-06-19T10:48:00+01:00

No comments

Housebuilder is looking for land-buying opportunities, as it expects to see an increase in price of homes in second half of year

Housebuilder Taylor Wimpey has said it expects to start work on new sites in the autumn, if 鈥渃urrent market stability鈥� is sustained.

In a trading update to the city, the firm said it was looking for land-buying opportunities, and would 鈥渓ook to increase the number of outlet openings during the second half of the year鈥�.

It also said it expected to see an increase in the average price of completed homes during the second half of the year.

While mortgage valuations and availability are still issues, there are signs that the situation is beginning to improve, the firm added in a press release. Net private reservation rate stood at about 0.6 per site per week, according to the firm.

Taylor Wimpey said it had seen an increase of 73% in its order book since the year end, from 拢562m to 拢971m.

Topics

No comments

好色先生TV
Taylor Wimpey may sell North American housing arm

2009-10-02T08:43:00Z By Tom Bill and Tom Bill Tom Bill

Housebuilder, who is sounding out private equity firms, could use proceeds from sale of Taylor Morrison to cut 拢1bn debt pile
好色先生TV
Taylor Wimpey posts 拢682m first-half loss

2009-08-05T08:34:00Z By Tom Bill and Tom Bill Tom Bill

Writedowns of 拢604m drive loss but housebuilder says market has improved 'significantly'
好色先生TV
Revealed: behind the scenes of the Taylor Wimpey debt deal

2009-05-15T00:00:00Z By Tom Bill and Tom Bill Tom Bill

The housebuilder concluded its marathon refinancing deal at the end of last month. Here, a senior banker tells Tom Bill the inside story of nearly a year of late-night meetings, increasingly fraying nerves and, finally, an agreement