Housebuilder Taylor Wimpey has said that its sales rate has dropped by 44% in the second half of the calendar year as a result of “heightened” economic uncertainty.

The £4.3bn turnover housebuilder said in a trading update that private sales per site per week had dropped to 0.51 in the second half of the calendar year, compared to 0.91 in the same period in 2021 “reflecting customer response to heightened levels of economic uncertainty”.

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