Taywood on track to deliver solid results

Taylor Woodrow has said today (Wednesday) that against a backdrop of more normal housing markets and given reasonable market conditions for the rest of the year it remains on track to deliver another set of solid results in line with the board's expectations.

Referring to market conditions, it added that so far this year in the UK housing market it has seen a return to more normal market conditions.

Average selling prices have not experienced the strong growth of last year but year to date are ahead of last year and its own internal forecasts.

In a statement prepared for its AGM, it said the next few weeks remain important as it is in the main selling period of the year.

As indicated in March, its UK sales volumes will be skewed towards the second half of the year as it opens up new sites in the first half.

Construction has grown its order book to £785m during this year and is performing in line with the board's expectations.

Taylor Woodrow will issue a first half trading update on 3 July.