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Sparks commentary

Industrials

Sparks

Taylor Wimpey (LSE: TW) – FY volume output to be towards top of range
Published by Andy Murphy

Taylor Wimpey witnessed improving customer demand in the second half to date as mortgage rates eased and the implied affordability improved. In the second half to date, the net private sales rate, excluding bulk sales, improved from 0.48 to 0.68, which implies material improvement so far in H2. The current order book, excluding joint ventures, stands at 7,716 homes, up from 7,042, and gives Taylor Wimpey confidence that it will achieve full-year completions towards the top of the previously guided range.

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