Taylor Wimpey confident of strong sales in 'robust' UK housing market
UK's third biggest homebuilder cheered by 'resilient' trading conditions in second half of financial year.
Taylor Wimpey says it is confident of delivering strong sales through the financial year despite the uncertainty created by the UK's vote to leave the European Union.
Helped by the availability of wide range of mortgage products, Britain's third biggest homebuilder said it had built up a strong order book going into 2017.
House sales rates for the year to 6 November were flat at 0.75 sales per outlet per week.
"Trading during the second half of 2016 and into the autumn selling season has been strong, with good levels of customer confidence and demand underpinned by a wide range of mortgage products," Taylor Wimpey chief executive Pete Redfern said in a statement.
"While there remains some uncertainty following the UK's vote to leave the European Union, we are encouraged to see that the housing market has remained robust and trading has remained resilient."
The firm had a total of 8,981 homes on its order book as of 6 November, a 5% improvement on the same period a year earlier.
It added that it anticipated "healthy sales" in the Spanish market despite the weaker pound negatively affecting British buyers.
"Looking ahead, we remain confident that our business model and strategy focused on managing the business through the cycle positions us to perform well through all market conditions," the house builder said.
Taylor Wimpey shares opened 2.5% higher in London on the news.
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