Taylor Wimpey, the new home builder, have told the Stock Exchange that their order book for new homes has seen a 20 per cent increase since December. Is this a sign that the new homes sector is on the mend?
The statement provided to the Stock Exchange says that their new homes order book saw an increase from 4,684 new homes on 31 December to 5,681 new homes as at last week.
Taylor Wimpey also announced that they had purchased around 2,900 new plots on 23 sites since the beginning of the year with the aim of building yet more new homes.
Taylor Wimpey commented:
“We expect a relatively flat market in the UK over the remainder of 2011. We expect to make further progress in delivering value from our existing land portfolio and the completion of the disposal of our North American business will put us in a strong position to add new sites where attractive opportunities are identified.”
In spite of the current economic state and the tight mortgage lending criteria the house builder said that ‘future prospects for the housing market look positive’.
The statement further added:
“The group as a whole is performing in line with our expectations. We remain focused on delivering margin improvement from the existing land portfolio in the UK and adding new sites where good opportunities are identified.”
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