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Record order book for Taylor Wimpey

2015/01/7d807__1372923736_pete-redfern

House-builder Taylor Wimpey starts 2015 with a record order book and brimming with confidence.

On 31st December 2014 Taylor Wimpey’s order book stood at £1,397m, excluding joint ventures, which is up 12% on the £1,246m of 12 months before.

This order book represents 6,601 homes (31st December 2013: 6,627 homes). “We view this as the optimum size for the business at this point in the cycle,” said chief executive Pete Redfern.

Despite the share price of house-building companies taking a dip last week as analysts decide life cannot get any better for them, Taylor Wimpey today delivered an upbeat trading statement, saying that the more moderate growth now being seen is more conducive to sustainable business growth than the dramatic oscillations previously seen.

Mr Redfern said: "As we enter 2015, we are encouraged by the more balanced market conditions, with a lower rate of price growth, which should create a healthy and more sustainable housing market. This is good news for homebuyers and underpins our confidence in developing and growing our business.

“Taylor Wimpey starts the year in an excellent position and whilst the global economic outlook is uncertain, in the UK we have an environment of sensible mortgage regulation and a reduced risk of UK interest rate increases in the near term. Overall we believe that the market and political risk for our sector is balanced and will allow Taylor Wimpey to continue to make significant progress towards our medium term targets."

Taylor Wimpey’s share price began the year at 137.8 pence. By the end of last week it was below 126 pence.

 

 

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