Taylor Wimpey expects full-year profit to be at the higher end of its forecasts, despite falling sales.
The housebuilder said profit would be “at the top end” of its guidance, which was between £440m and £470m.
However, total UK completions, including via joint ventures, stood at 10,438, down from 13,773 in 2022.
Affordable homes amounted to 2,388, or 23% of total completions. The net private sales rate, excluding bulk deals, fell from 0.65 to 0.54.
Chief executive Jennie Daly said: “Despite the difficult market conditions throughout the year, we maintained a sharp operational focus and delivered a good performance.”
She said that while the reduction in mortgage rates was “encouraging”, “in the short term the market remains uncertain and the planning backdrop extremely challenging”.
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