LONDON (ShareCast) - (Sharecast News) - Housebuilder Taylor Wimpey said it still expects full-year results to be in line with guidance despite experiencing "softer market conditions" so far in the second half.
Net private sales per outlet have averaged 0.63 a week since 30 June, down from 0.71 the year before, while underlying pricing remains broadly flat. Excluding bulk deals, net private sales averaged 0.61, down from 0.68 previously.

Results have been impacted by uncertainty ahead of the upcoming Autumn Budget and continued affordability pressures on consumers, the company said.

Taylor Wimpey's order book excluding joint ventures (JVs) also fell to 7,253 homes valued at £2.12bn, down from 7,771 and £2.21bn a year earlier, respectively.

Nevertheless, the company reiterated its target for completing 10,400-10,800 homes excluding JVs in 2025, and to generated an operating profit including JVs of around £424m, up from £416m in 2024.

"Against a backdrop of continued subdued consumer sentiment, we remain focused on managing the business tightly to generate value from our strong landbank to deliver profitable growth and maximise shareholder returns over the medium term."

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