Taylor Wimpey reports sales rate increase as firm completes cost-cutting move

jennie daly 2

Housebuilder says market strengthening but continues to predict sharp drop in completions this year

Housebuilder Taylor Wimpey said it has seen weekly sales rates increase “incrementally” in recent weeks as mortgage availability has improved.

The firm said in a statement released ahead of its Annual General Meeting today that the number of sales achieved per site per week this year had increased to 0.66, excluding bulk deals, compared to 0.62 when it last reported to the market at the start of March.

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