Taylor Wimpey on track as housing market rallies

Suzie Neuwirth

HOUSEBUILDER Taylor Wimpey today announced that it has traded at the upper end of expectations during the first half of the year and expects to meet its full-year targets.

The FTSE 250-listed firm said that the South East and Midlands regions performed particularly well during the first half and its total order book rose 35 per cent to £1.3bn over the period.

The UK Government’s Help to Buy equity scheme also drove business, the company said.

“We have welcomed signs of significant improvement in the housing market in the first six months of 2013 where we have seen increased consumer confidence, underpinned by both generally improved access to and affordability of mortgage finance and by the recent government measures,” said chief executive Pete Redfern.

“This has enabled us to continue our investment in local communities across the UK and play a leading role in the creation of new homes, employment opportunities and infrastructure.”