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Taylor Wimpey saw UK home sales drop in late 2024 due to economic uncertainty and affordability, but kept 2024 completion and profit forecasts.
Taylor Wimpey reported a decline in UK home sales and order book value in late 2024, citing economic uncertainty ahead of the November budget and affordability issues.
The net private sales rate per outlet fell to 0.63 from 0.71, with the order book dropping to 7,253 homes valued at £2.1 billion.
Despite a 17% cancellation rate and weaker demand, the company maintained its 2024 completion forecast of 10,400–10,800 homes and profit guidance, emphasizing cost control and landbank strength.
It urged the government to boost demand through targeted support, particularly for first-time buyers, as housing supply goals depend on stronger buyer confidence.
Shares fell 2.9%.
Taylor Wimpey vio caer las ventas de viviendas en el Reino Unido a finales de 2024 debido a la incertidumbre económica y la asequibilidad, pero mantuvo las previsiones de finalización y ganancias para 2024.