Taylor Wimpey on track to hit completions target despite drop in sales rate

Taylor Wimpey said it is on track to meet its expected completions and operating profit figures for this year.

The housebuilder, in a short trading update today, said it is on course to build between 10,400 to 10,800 homes in line with previous guidance. It also said it still expects to post operating profit of £424m in the 2025 calendar year.

However the firm’s net private sales rate dropped from was 0.70 per outlet per week to 0.65 year-on-year.

Taylor Wimpey told investors today it is targeting 14,000 homes a year in the medium term.

It said: “While mindful of the various issues impacting customer sentiment and propensity to buy homes, including the impact of the delayed UK Budget on short term customer confidence, we remain well positioned and own all land with planning for 2026 completions.”