Taylor Wimpey closes regional business and says output could fall by a third this year

By Joey Gardiner2023-03-02T11:37:00

Taylor Wimpey TW SE_Shorncliffe Heights_PA25_Gosford_Front Exterior

Firm shuts Oxfordshire division but says timber frame arm will be up and running this spring

Housebuilder Taylor Wimpey is set to reduce the number of homes it builds this year by a third as the “weaker economic backdrop” hits sales of its houses.

Announcing full year results for 2022, the firm said it currently expected its housing output to fall to between 9,000-10,500 homes in 2023, down from the 14,154 produced last year.

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