Taylor Wimpey sales rate slumps by more than 40%

By Joey Gardiner2022-11-09T11:06:00

Housebuilder sees sharp rise in cancellations but says it is operating from a ‘postion of strength’

Housebuilder Taylor Wimpey has said its sales rate has dropped by 44% in the second half of the calendar year as a result of “heightened” economic uncertainty.

The £4.3bn turnover firm said in a trading update that private sales per site per week had dropped to 0.51 in the second half of the calendar year, compared to 0.91 in the same period in 2021 “reflecting customer response to heightened levels of economic uncertainty”.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community