Housing market conditions remain “robust” despite uncertainty in the wider economy, according to housebuilder Taylor Wimpey.
The housebuilder made the positive statement in its interim notice, which says the company is on course to deliver a double-digit operating margin in 2012, as long as market conditions remain stable.
“We are now fully sold for our targeted 2011 completions and are building our order book for completions in the first quarter of 2012,” it said.
It has seen an ongoing incremental improvement since its half-year results and a more normal seasonal trading pattern during the autumn, which is “encouraging”.
Taylor Wimpey has increased margin by maximising the value achieved from each home completion rather than chase volume.
Its current order book for future completions is 6,265 homes.
