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Taylor Wimpey on target to make £820m profit

Taylor Wimpey built 47% more homes last year than during 2020.

Chief executive Pete Redfern said that he expected to report full-year results in line with expectations, having “delivered an excellent performance in 2021”. Profits are expected to be £820m.

The housebuilder’s full results will be announced on 3 March.

In a trading update this morning, Taylor Wimpey said total home completions for the year were 14,087, up from 9,609, while average sales prices had risen by 3% to £332,000.

Its short-term landbank now stands at 85,000 plots, while its strategic land pipeline holds around 145,000.

Taylor Wimpey has £837m in the bank, up from 2020’s £719m.

To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews

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