Taylor Wimpey PLC announced that the performance in the second half of the year so far has been good, with inflation in housing prices fully offset inflation in construction costs.
He expects that the results for the whole year will be adjusted according to the estimates.
The British housing company stressed that the market has remained positive in the second half of 2021, with strong consumer demand and availability of mortgages.
It expects to meet previous operating profit targets, including joint ventures of around 20 820 million ($ 1.10 billion), up from ,3 300.3 million a year ago.
Housing completion in the UK is expected to be in the upper range of 2021 estimates for 13,200-14,000 homes.
The company stated that it has achieved a strong sales rate of 0.91 homes per week, in the second half of the year, higher than the 0.76 homes in the corresponding period of 2020.
As of November 8, the order book (excluding consortia) stood at 8 2.8 billion, equivalent to 10,643 homes.
The company stressed that it has come under pressure on the cost and availability of certain materials and a lack of guides, although there has been some relaxation in some areas and expects conditions to gradually improve.
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Source From: Capital
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