Taylor Wimpey confident on 2015 housing market outlook
HOUSEBUILDING company Taylor Wimpey has said it is encouraged by more balanced market conditions with a lower rate of price growth.
The firm enters 2015 with a record order book of £1.4bn, up by 12 per cent last year. The order book represents 6,601 homes.
In 2014 the company built 12,454 homes – an increase of six per cent on 2013’s figure of 11,696. Meanwhile, average selling price on private completions in 2014 climbed by 11 per cent compared to 2013 to £234,000.
The firm also said it had improved its operating margin by slightly over four per cent.
“Taylor Wimpey starts the year in an excellent position and whilst the global economic outlook is uncertain, in the UK we have an environment of sensible mortgage regulation and a reduced risk of UK interest rate increases in the near term,” said Pete Redfern, Taylor Wimpey’s chief executive.