Taylor Wimpey see sales rise

Volume housebuilder Taylor Wimpey has seen a rise in home sales since the Chancellor announced the spring budget at the start of March. Sales have risen by one home per site per week, putting them on track to meet their financial expectations for the year and they have achieved net private sales of 1.00, increasing from 0.90 in 2020.

This news comes as Rightmove reported a 2% surge in house prices to the highest ever level.

Taylor Wimpey have also seen a 5% increase on its order book, which is now at £2.81bn, the equivalent to 10,955 homes.

The housing industry has remained ‘resilient’ and government initiatives including the 95% mortgage guarantee scheme and the stamp duty extension demonstrate that “housing remain a priority for the UK Government”.

Chief executive Pete Redfern said: “Customer demand for our high-quality homes remains robust and we are achieving a strong sales rate and building a healthy forward order book.”