Taylor Wimpey LON:TW. has reported a resilient trading performance despite subdued demand and ongoing affordability pressures across the UK housing market, as the homebuilder prepares for what it described as a “more challenging” end to the year ahead of the government’s autumn Budget.
Jennie Daly, chief executive, said the company’s results reflected the “hard work of teams on the ground” in a difficult environment shaped by rising mortgage costs, weak consumer confidence, and uncertainty over potential fiscal policy changes.
“Market conditions remain challenging,” Daly said. “We welcome the Government’s planning reforms and hope to see continued momentum in the implementation phase. But the Government’s housing ambitions can only be unlocked by effective demand — particularly for affordability-constrained first-time buyers.”
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She added that the company remained “well positioned to capitalise on the improving planning environment,” supported by a high-quality, well-located landbank and a disciplined approach to capital allocation. “The UK housing market fundamentals are highly compelling,” Daly said. “We remain confident in our ability to deliver profitable growth and maximise shareholder returns over the medium term.”
Softer trading conditions for Taylor Wimpey
For the period from 30 June to 9 November 2025, Taylor Wimpey recorded a net private sales rate of 0.63 homes per outlet per week, down from 0.71 a year earlier, reflecting softer trading conditions. The cancellation rate remained stable at 17 per cent. Excluding bulk sales, the private sales rate was 0.61, compared with 0.68 in the same period last year.
For the year to date, the net private sales rate stood at 0.72, only marginally below the 0.73 achieved in 2024, while cancellations were broadly unchanged at 16 per cent. The company’s order book, excluding joint ventures, stood at 7,253 homes as of 9 November, with a value of about £2.1bn, that’s slightly lower than the £2.2bn recorded a year earlier.
Taylor Wimpey said pricing remained “broadly flat” and reiterated its expectation for low single-digit build cost inflation in 2025, consistent with previous guidance. The group continues to open new sales outlets at pace, with 51 new sites launched in the year to date, up from 34 in the same period last year. It operated an average of 210 outlets in the second half so far, compared with 208 in 2024.
More planning successes than previously
Daly said the company was seeing signs of progress on planning after years of delays and uncertainty. “Supported by government initiatives, we are seeing better engagement with local authorities and some recent planning successes,” she said. “We expect further improvements as policy is implemented by local authorities and after the Planning and Infrastructure Bill is passed.”
As of the end of October, Taylor Wimpey’s short-term landbank stood at around 75,000 plots, broadly unchanged from June, while its strategic pipeline remained steady at about 135,000 potential plots. The company converted approximately 2,000 plots from its strategic pipeline during the year, compared with 4,000 in the same period last year.
Despite the headwinds, Taylor Wimpey reaffirmed full-year guidance for UK completions and group operating profit, maintaining expectations for between 10,400 and 10,800 completions and around £424mn in operating profit for 2025. The company expects to close out the year with between 210 and 215 active outlets.
Against a backdrop of subdued consumer sentiment, Daly said the company would continue to “manage the business tightly” to drive value from its landbank and deliver long-term returns.
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