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Tue April 20 2021

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No election jitters for Taylor Wimpey

23 Apr 15 House-builder Taylor Wimpey has seen a 24% rise in units sold so far this year.

Taylor Wimpey chief executive Pete Redfern
Taylor Wimpey chief executive Pete Redfern

In a trading update to shareholders, Taylor Wimpey chief executive Pete Redfern said that house-builders had nothing to fear from next month’s general election and that the trading environment remained positive.

The total order book value has grown 12% to £1.9bn, compared to £1.7bn this time last year.

Mr Redfern said that the uncertainty surrounding the general election outcome has not impacted customer confidence, and underlying demand remains high. “We have had a strong first quarter in a positive trading environment, underpinned by good mortgage availability and employment prospects. As at 19 April 2015 we are 67% forward sold for 2015 completions, positioning us well for the remainder of the year and beyond.”

He said: "During the first four months of 2015 we have seen the UK housing market continue to grow, with increasingly competitive mortgages and secure employment prospects underpinning homebuyers' confidence. We remain focused on progressing our sites through the planning system to enable us to start on site as soon as possible and remain on track to deliver good progress towards all of our medium term targets in 2015."
 

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