"Market conditions remain challenging, impacted by uncertainty ahead of the upcoming UK Budget and continued affordability pressures"
- Jennie Daly - Taylor Wimpey
Taylor Wimpey has reported softer market conditions in the second half of the year, citing uncertainty ahead of the November Budget and ongoing affordability pressures affecting the housing sector.
The housebuilder's trading statement reveals that between June 30 and November 9, 2025, its net private sales rate per outlet per week reached 0.63, down from 0.71 in the same period last year. The cancellation rate held steady at 17%, matching 2024 levels. When bulk deals are excluded, the company achieved a net private sales rate of 0.61, compared with 0.68 in 2024.
However, Taylor Wimpey maintains its full-year projections despite subdued consumer sentiment. The firm expects to deliver between 10,400 and 10,800 UK home completions in 2025, with group operating profit forecast at approximately £424 million.
The order book excluding joint ventures stood at 7,253 homes as of November 9, 2025, valued at around £2,116 million. This represents a decrease from 7,771 homes worth approximately £2,214 million in the corresponding period last year. Underlying pricing remains broadly flat, while the company anticipates low single-digit build cost inflation throughout 2025.
"We have delivered a resilient performance thanks to the hard work of our teams on the ground," said Jennie Daly, chief executive officer of Taylor Wimpey. "Market conditions remain challenging, impacted by uncertainty ahead of the upcoming UK Budget and continued affordability pressures."
Daly expressed support for government planning reforms while emphasising the need for practical implementation. "We welcome the government's planning reforms, and we hope to see continued momentum to enable the supply of much-needed new homes across the UK as focus moves to the implementation phase," she explained. "However, the government's housing ambitions, and the significant economic and social benefits of increased housing supply can only be unlocked by effective demand, particularly for affordability-constrained first-time buyers."
Taylor Wimpey operated from an average of 210 outlets during the second half to date, slightly higher than the 208 outlets in 2024. The company opened 51 new outlets in the year to date, a significant increase from 34 in the comparable period last year.
Engagement with local authorities has improved following recent government initiatives, according to the housebuilder. The firm anticipates further progress as policy implementation advances at the local level and after the Planning and Infrastructure Bill receives approval.
Taylor Wimpey's short-term landbank comprised approximately 75,000 plots at the end of October 2025, down slightly from around 76,000 plots on June 29, 2025. Its strategic land pipeline remained stable at around 135,000 potential plots, unchanged from June.
