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Taylor Wimpey doubles revenue in housing boom

Joanna Bourke @es-jobourke

TAYLOR Wimpey today showed how it has benefited from the housing boom in the pandemic, with the builder more than doubling sales.

First-half revenue reached £2.2 billion, up from £754.6 million. It completed 7303 home sales, excluding joint venture properties, during the period. That was up from 2771 a year earlier, amid disruption at the start of the pandemic. The figure is also above pre-Covid levels.

The industry has been boosted by people reassessing housing needs in lockdowns and a stamp duty holiday.

Shares in Taylor Wimpey, which said full-year operating profits will be ahead of expectations, rose 5.67p to 170.52p.

Business

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2021-08-04T07:00:00.0000000Z

2021-08-04T07:00:00.0000000Z

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