Taylor Wimpey’s disappointing AGM trading statement is going to increase the interest about what its rival housebuilder Persimmon (LON:PSN) will have to say at its AGM on Wednesday.
Taylor Wimpey warned that although it expects to meet overall expectations in this financial year cost pressures mean that margins will be slightly lower.
The housing market appears to be stable despite Brexit uncertainty. Low interest rates and accessibility of mortgages are helping. Demand has been strong, but prices are flat, which means that this can’t offset the cost increases.
Costs
Taylor Wimpey says tha...