Chief executive Jennie Daly said market conditions remain challenging amid uncertainty ahead of the upcoming UK Budget and continued affordability pressures.
She added: “The Government’s housing ambitions and the significant economic and social benefits of increased housing supply can only be unlocked by effective demand, particularly for affordability-constrained first-time buyers.”
The house builder reported a net private sales rate per outlet per week of 0.63 for the period from 30 June to 9 November (2024: 0.71).
Taylor Wimpey’s order book now stands at 7,253 homes, down from 7,771 a year ago, with a value of around £2.1bn.
Underlying prices remain broadly flat, and build cost inflation is expected to stay in the low single digits through 2025.
Daly said the group welcomed ongoing planning reform but warned that real progress depended on unlocking buyer demand: “We remain well positioned to capitalise on the improving planning environment, generating value from our high-quality, well-located landbank, while advancing new opportunities in our pipeline.”
The group expects to deliver between 10,400 and 10,800 completions this year compared to 10,593 in 2024.
