Taylor Wimpey says housing market is in strong position

Taylor Wimpey (LON:TW) confirmed via a trading statement on Thursday that its order book has grown, as house sales had made a positive start to the year. The FTSE 100 company confirmed that up to 18 April 2021, outstanding orders were worth £2.81bn (2020: £2,67bn) or the equivalent of 10,995 homes.

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Taylor Wimpey also reported that net private sales for the same period had risen to 1.00, up from 0.90 the year before. The company will payout a final dividend of 4.14p for 2020 and a similar amount again half-way through the current year.

While there will not be a special dividend in 2021, the company said, the home builder said it will return excess capital to its shareholders. This position will be reviewed at the next set of financial results in March 2022.

“The UK housing market continues to be resilient and we are trading in line with our full year expectations. With strong market fundamentals, customer demand for our high-quality homes remains robust and we are achieving a strong sales rate and building a healthy forward order book,” said CEO Peter Redfern