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Tue October 20 2020

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Taylor Wimpey house prices up 9% on 2009

29 Apr 10 House builder Taylor Wimpey has reported a steady improvement in sales and prices during an interim management statement.

House builder Taylor Wimpey has reported a steady improvement in sales and prices during an interim management statement.

The firm, which holds its Annual General Meeting today, said it is "approximately 99% sold for the half year and 74% sold for the full year targeted completions".

Private sales rates remain in line with those achieved in the equivalent period of 2009 at an average of 0.61 sales per site per week.

Prices achieved on sales of private homes are up by approximately 9% on the equivalent period in 2009, of which "around 5% results from active changes in mix and approximately 4% from underlying price increases".

Taylor Wimpey said it remained "active in the land market, focusing our attention on the opportunities available to acquire good quality land at attractive prices".

In North America, sales rates are also ahead of the equivalent period in 2009, with 0.48 sales per week for the year to date compared to 0.37 in the corresponding period of 2009.

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MPU

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