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Taylor Wimpey exceeds expectations with average selling prices up 11%

High Wycombe-headquartered housebuilder Taylor Wimpey has reported a positive end to 2014, with total home completions up 6%.

The housebuilder has reported an increase in average selling prices on private completions by 11% to £234k, from £210k in 2013.

In addition, Taylor Wimpey has seen its order book increase in value by 12% to £1.3 billion as of 31st December, representing 6,601 homes.

The firm enters 2015 with 305 outlets, a slight reduction from 314 in 2013, due to faster outlet closings in a’ healthier market’ and the time required to meet additional planning permission requirements to start working on site.

Pete Redfern, chief executive, said: “As we enter 2015, we are encouraged by the more balanced market conditions, with a lower rate of price growth, which should create a healthy and more sustainable housing market. This is good news for homebuyers and underpins our confidence in developing and growing our business.

“Taylor Wimpey starts the year in an excellent position and whilst the global economic outlook is uncertain, in the UK we have an environment of sensible mortgage regulation and a reduced risk of UK interest rate increases in the near term. Overall we believe that the market and political risk for our sector is balanced and will allow Taylor Wimpey to continue to make significant progress towards our medium term targets.”

This was posted in Bdaily's Members' News section by Ellen Forster .