Housebuilder says 鈥減ositive momentum鈥 in UK housing market continues

Taylor Wimpey 226

Housebuilder Taylor Wimpey has reported a strong start to the beginning of the year, as the UK housing market continues to build momentum.

In a trading update for the period from 1 January, Taylor Wimpey said the 鈥減ositive momentum鈥 in the UK housing market had continued since it posted its results in February, with the firm reporting a 鈥渟trong first quarter, with continuing improvement across all regions鈥.

The firm said its sales rate was slightly up on the same period the previous year, while its total order book was up 13% to 8,139 homes on the same point last year.

It said the average selling prices of homes have increased by around 22% from the equivalent point last year to approximately 拢248.9k (week 15 2013: 拢204.8k). 

The firm said: 鈥淭his market has been driven by better access to mortgages at more affordable rates, which has improved with increased competition between mortgage providers.

鈥淭his, together with the extension of Help to Buy, has given more customers both the confidence and the ability to step onto or move up the housing ladder.鈥

Pete Redfern, Taylor Wimpey chief executive, said the firm had made 鈥渁 particularly strong start to the year鈥.

He said: 鈥淭he UK housing market remains buoyant and our customers continue to benefit from a more accessible and affordable mortgage market.

鈥淚n this improving market, we continue our investment in delivering high-quality homes and creating communities in places where people want to live.