Taylor Wimpey reports 9% house price rise
Published:  30 April, 2010

LONDON: Taylor Wimpey, Britain's second-largest homebuilder, reported a 9% rise in its house prices in the first four months of the year.

About half the price gain came from selling higher-end homes, the company said in a statement yesterday.

"Although economic and political risks remain in the UK, we believe that the underlying shortfall of new-build housing and the strong levels of demand will continue to underpin the market," it s aid.

The housebuilder achieved 74% of its targeted full-year sales and 99% of its first-half sales. Sales rates in North America, which accounts for almost a third of the company's revenue, are ahead of a year earlier.

Its net debt fell to £660m, from £750.1m, at the end of December. Shares rose 1.08p to 421/2p in morning trading.




Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

Recruitment

Builders Merchants Vacancies – UK Wide

We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Michael Barnett
A Bright future predicted for housing construction

One of the major talking points in the wake of the Brexit decision has been around the country’s current housing shortage with a YouGov poll from this year revealing that first time house buyers are now 38-years-old, on average.

Events Diary