viewTaylor Wimpey

Taylor Wimpey sees resurgence of bookings as sales centres reopen

The housebuilder has started to look at buying land again

Taylor Wimpey -
Taylor Wimpey's Care worker discount scheme has also seen strong interest

Taylor Wimpey PLC (LON:TW.), the housebuilder, said it has seen a threefold increase in bookings since its sales centres reopened following the easing of coronavirus lockdown restrictions.

Most sales centres in England are now open, it added, while it hopes it can reopen in Scotland and Wales from early July. Construction has also resumed at nearly all sites bar Scotland, the FTSE 100-listed firm said.

In an update, Taylor Wimpey revealed it has also seen orders improve with the net sales rate rising to 0.51 for the week ending May 31, 2020, although this is still well below the 0.85 level seen this time a year ago.

UK orders at the end of May £2.78bn, up from £2.52bn a year ago and the equivalent of 11,228 homes (10,557).

Taylor Wimpey noted the coronavirus crisis has also thrown up opportunities to increase its landbank and it is looking again at sites across the country, having put acquisitions on temporary hold when the lockdowns came in to force.

The housebuilder also said it had seen strong interest in its care worker discount scheme that offers a 5% discount to the purchase price of a new home that will legally complete in 2020 or 2021.

Quick facts: Taylor Wimpey

Price: 145 GBX

Market: LSE
Market Cap: £52.83 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Inspired Energy raises up to £35mln in placing and open offer and fully...

Inspired Energy PLC's (LON:INSE) Mark Dickinson speaks to Proactive after announcing they've raised £35mln and struck a deal to acquire the 60% of Ignite Energy that it does not already own. Dickinson says the acquisition will accelerate the group's organic growth in optimisation services. In an...

7 hours, 23 minutes ago

2 min read