By Maximilian Clarke
Taylor Wimpey Plc (LSE: TW), are performing ‘in line with expectations’, and on track to deliver a double-digit operating mergin.
Despite continued stagnation in the UK’s housing market and significant barriers towards homeownership for first time buyers, the UK’s second largest house builder have delivered 5,496 completed homes so far in 2011.
Although we continue to monitor the uncertainty in the wider economy, conditions within the UK housing market remain stable, reads the company forecast in their interim management statement. With our value-focused strategy, high quality land portfolio and strong balance sheet, we are well positioned for the future.
Further, the company have acquired an additional 36 new sites with a scope to delivering 3,793 plots.
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