The developer increased the number of plots it bought in 2013 - 15,667 plots on 105 new sites compared with 14,172 plots on 112 new sites in 2012.
A trading statement for the housebuilder said:
“Our strategic land performance was particularly strong in 2013 and we added over 10k plots in 2013 to bring the total strategic landbank to a record level of over 110k including pipeline plots.
As previously indicated, we continue to see attractive opportunities in the land market, albeit we have seen initial signs of tightening in some local markets which we continue to monitor very carefully, retaining our focus on value in these conditions.”
Total home completions increased by 7 per cent to 11,696, up from 10,886 in 2012, of which 18 per cent were affordable housing completions.
The housebuilder said Government measures, in particular Help to Buy, have helped address the significant unsatisfied demand for housing through increased access to mortgage availability and affordability
During 2013, it worked with over 2,900 households to take their first step to move onto or up the housing ladder using the initiative.
Pete Redfern, chief executive, said:
“We saw a meaningful step change in market conditions in 2013, after several years of a declining or flat market.
In these improving conditions, Taylor Wimpey is benefitting from the discipline that has been instilled over the past five years with a clear focus on margin as the best measure of the quality of our business. Focussing on the long term health of the business allows us to take the right decisions today to deliver much needed homes all the way through the housing cycle.”
