Taylor Wimpey reported a “robust” sales rate during a softer market in the second quarter, with its sales rate declining slightly but the business remaining on track to meet its full-year guidance of 10,400 to 10,800 UK completions.
From July 28 to date, the housebuilder’s net private sales rate was 0.65 per outlet per week, down from 0.70 in the same period in 2024. Excluding bulk deals, the rate was 0.64 compared with 0.68 last year.
In its trading update, Taylor Wimpey said its year-to-date sales rate was 0.74 per outlet per week, compared with 0.72 in 2024. Excluding bulk deals, the rate was 0.69, slightly up on 2024’s 0.68.
As of the week ending September 28, the company’s total order book value was £2,123 million, a decline from £2,153 million in 2024. This represents 7,223 homes, compared with 7,709 homes a year earlier, and 73% are exchanged, the same proportion as last year.
The volume housebuilder confirmed it remains on track to achieve full-year completions within guidance and continues to expect a group operating profit of around £424 million.
The housebuilder noted “various issues” affecting consumer confidence, including the delayed Budget, but added it is “well positioned and owns all land with planning for 2026 completions”.
The business is currently operating from 215 outlets, up from 207 last year. By the end of 2025, it expects to operate between 210 and 215 outlets (December 31, 2024: 213). Taylor Wimpey said average outlet numbers will rise yearly “as we unlock value from our strong landbank and redeploy capital for growth”.
Taylor Wimpey said: “We remain confident in the underlying fundamentals of the UK housing market, with its pressing need for new homes, and in the medium-term potential of the business to deliver profitable growth and maximise shareholder returns.”
The housebuilder is hosting an event for institutional investors and analysts today. Chief executive Jennie Daly, group finance director Chris Carney, and members of the senior management team will outline how the business plans to deliver growth, unlock value, and maximise returns in the next phase of its cycle.
The event will highlight the drivers for Taylor Wimpey’s medium-term targets:
UK completions (excluding joint ventures): 14,000
UK landbank: 4.5–5 years
Group operating profit margin: 16–18%
Group return on net operating assets: 20%
