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| Taylor Wimpey reports half-year results U.K.-based homebuilder Taylor Wimpey plc said the company continues to perform in line with its expectations in a gradually improving, but still uncertain, trading environment. The UK housing market has maintained an encouraging level of stability since late April. Mortgage availability has improved slowly since the start of the year. Private sales rates for the year to date remain broadly in line with those achieved in the first half of 2009 at an average of 0.58 sales per site per week, net of cancellations (H1 2009: 0.61). Taylor Wimpey saw a slight softening in sales around the time of the General Election, although sales performance has strengthened in recent weeks. "Our order book remains strong and we are now 83% sold for our full-year targeted completions," the firm said. Taylor Wimpey expects to complete around 4,650 homes in the U.K. in the first half of the year at an average selling price of approximately £167,000 (around $252,000). write your comments about the article :: © 2010 Construction News :: home page |