High demand: Housebuilder Taylor Wimpey said it is ‘positioned for growth’ from next year
Taylor Wimpey welcomed strong demand at the start of the spring sales season.
The FTSE 100 housebuilder said yesterday it is “positioned for growth” from next year as the property market showed green shoots of recovery.
Spring sales were in line with expectations and Taylor Wimpey said it is on track to meet its 2024 housebuilding target. It comes as the Bank of England is expected to cut interest rates this summer in a boost to homeowners.
However, major lenders including Barclays, HSBC and NatWest raised rates this week as the cuts are expected to come later in the year than previously expected.
Taylor Wimpey will build between 9,500 and 10,000 homes this year, around 1,200 fewer than in 2023.
Shares rose 1.3 percent yesterday.