Taylor Wimpey Navigates Challenging Market Conditions, Maintains Outlook

Taylor Wimpey (LON: TW.) has released a trading statement indicating a resilient performance despite headwinds in the UK housing market.

Uncertainty surrounding the upcoming UK Budget and persistent affordability pressures continue to weigh on consumer sentiment.

The period from June 30 to November 9, 2025, saw a net private sales rate per outlet per week of 0.63, down from 0.71 in the equivalent period of 2024. The cancellation rate remained steady at 17%. Excluding bulk deals, the net private sales rate was 0.61, compared to 0.68 in 2024.

Year-to-date figures show a net private sales rate of 0.72 (0.73 in 2024), with a cancellation rate of 16% (15% in 2024). Excluding bulk deals, the year-to-date net private sales rate was 0.68, matching the 2024 figure.

As of November 9, 2025, Taylor Wimpey's order book, excluding joint ventures, stood at 7,253 homes, down from 7,771 homes in 2024, with a value of approximately £2,116 million (2024: approximately £2,214 million). Underlying pricing remains broadly flat, and the company anticipates low single-digit build cost inflation for 2025, consistent with previous forecasts.

Outlet openings are progressing as planned. The average number of outlets operating in the second half of the year to date was 210 (2024: 208), and 51 outlets have been opened year-to-date, compared to 34 in the same period last year. Taylor Wimpey remains focused on landbank efficiency and optimising returns.

The company's short-term landbank stood at approximately 75,000 plots at the end of October 2025 (June 29, 2025: approximately 76,000 plots), while the strategic land pipeline held approximately 135,000 potential plots (June 29, 2025: approximately 135,000 potential plots). Approximately 2,000 plots have been converted from the strategic pipeline year-to-date, compared to approximately 4,000 plots in 2024.

Taylor Wimpey maintains its outlook for full-year 2025 UK completions and Group operating profit, aligning with previous guidance. The company expects to close out the year operating from 210-215 outlets.

Jennie Daly, Chief Executive, commented: “We have delivered a resilient performance thanks to the hard work of our teams on the ground. Market conditions remain challenging, impacted by uncertainty ahead of the upcoming UK Budget and continued affordability pressures.”