Business Overview - UK Housing
We are one of the largest homebuilders in the UK and a top 10 homebuilder in the US.
UK Housing
Taylor Wimpey is one of the largest homebuilders in the UK with national coverage from 24 regional offices.
Overview
- We build homes in the UK under the Taylor Wimpey brand.
- We build a wide range of homes in the UK, from one bedroom apartments to five bedroom houses, with prices ranging from below £100,000 to above £500,000.
- In addition, we build affordable housing across the UK, which represented 18% of our 2010 completions.
2010 highlights
Completions
9,962
Average outlets
289
Average selling price
£171k
Short term landbank
63,556
plotsProportion of Group revenue
66.7%
Market conditions
- After an encouraging start to the first half of 2010, we saw some softening around the time of the general election in May. Trading improved once the outcome was known, leading to a robust summer period. Sales softened in the autumn ahead of the government's Comprehensive Spending Review in October, with incremental improvements following the announcement.
- National house price indices show a mixed picture over the year.
- Mortgage availability remains restricted, although there has been some improvement in the number of products available to first time buyers.
Short term priorities
- Add new plots to the land portfolio that create value.
- Optimise planning consents on each outlet prior to commencing development and sales.
- Reduce build costs through continuous improvement in operational efficiency.
- Deliver competitive offers in each local market.
For more information see UK Housing 
