Taylor Wimpey predicts output slump for 2023

Taylor Wimpey TW SE_Shorncliffe Heights_PA25_Gosford_Front Exterior

Firm closes Oxfordshire business and says completions could drop by more than a third

Housebuilder Taylor Wimpey is set to reduce the number of homes it builds this year by a third as the “weaker economic backdrop” hits sales of its houses.

Announcing full year results for 2022, the firm said it currently expected its housing output to fall to between 9,000-10,500 homes in 2023, down from the 14,154 produced last year.

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