Britain’s Taylor Wimpey has slammed concerns about persistent inflation leading to a slowdown in real estate as the country’s third-largest homebuilding company predicts it will keep demand in a supply-hungry market.
UK construction is talking about a resilient labor market, in part due to strong demand for larger homes, suitable for remote work from consumers who saved during the pandemic, but also because of the availability of cheap loans.
Taylor Wimpey stressed that her focus remained on achieving the operating profit margin target of 21% -22% in the medium term, adding that she remains well on track to meet the goals for the year announced last month.
The order book stood at 97 2.97 billion ($ 3.79 billion) as of April 17, up from 81 2.81 billion a year ago, when the industry was backed by various government measures.
Source: Capital
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