‘While we are mindful of ongoing market uncertainty and affordability challenges, it is pleasing to see continued market stability supported by good mortgage availability and sustained customer confidence,’ said Jennie Daly, boss of Taylor Wimpey
Taylor Wimpey has reported a “good start” to 2024 while seeing a slight decline in sales as the housing market stabilises.
The firm’s FTSE 100 shares showed a positive streak on Tuesday morning. Taylor Wimpey said that its financial projections for the year year ahead are in line with expectations despite a fall in sales.
Jennie Daly, the chief executive of the High Wycombe-based company, said during an update ahead of the annual general meeting, “We have made a good start to 2024 with the spring selling season progressing as expected. While we are mindful of ongoing market uncertainty and affordability challenges, it is pleasing to see continued market stability supported by good mortgage availability and sustained customer confidence.”
The housebuilding giant informed shareholders of the encouraging number of visits to its website and sites. Despite dipping from 0.75 to 0.73, net private sales per outlet per week for the year up until April 21 remained stable. Ms Daly added: “Looking ahead, we are confident that we have a strong and resilient business supported by a high-quality, well-located landbank.”
She further stressed how they plan to focus on long-term sustainability of the business and value creation. She confirmed they remain on track to deliver projected achievements for 2024 while setting up for growth post-2025 under supportive market conditions.
Goodbody’s industrials analyst, Shane Carberry, said: “We believe this is an encouraging update from Taylor Wimpey. It is positive to see the sales rate remaining resilient in recent weeks and we can take comfort in the full-year guidance remaining unchanged.”
