Taylor Wimpey PLC (LSE:TW.) dismissed fears of stubborn inflation slowing down the housing sector as it forecast "resilient demand".
The housebuilder said continued levels of house price growth were offsetting inflationary labour and material costs.
As of April 17, the total order book value of the third-largest homebuilder in Britain was around £2.97bn, up from £2.80bn a year ago.
The FTSE 100 company said its target in 2022 is to deliver operating profit margins of 21-22%.
Though mindful of the uncertainty caused by the Ukraine conflict and inflationary pressures, the company said there was strong demand for new housing, with mortgage rates remaining historically low in spite of rising interest rates.
"Trading has continued to be strong, supported by a healthy market backdrop. We have also continued to make good progress against our strategic priorities, including driving growth in operating profit margin and outlet openings," said Jennie Daly, who has taken up the role of chief executive today."
Shareholders are on track to benefit from a dividend of 4.44p per share on May 13 and a £150mln buyback, as previously announced.
Besides spending another £80mln on its fire-risk cladding, the housebuilder has agreed to spend a total of £245mln for fire safety remediation work.
In response to the Grenfell tragedy, the FTSE 100 firm has taken proactive measures to address fire safety and cladding issues, and signed the government's fire safety pledge earlier this month.