Taylor Whimpey has reported a drop in sales after the housebuilder said it was experiencing “softer market conditions”.

The company cited current uncertainty in the housing market ahead of the Budget as it revealed a drop in its net private sales rate per outlet, which in the period from 30 June to 9 November slipped to 0.63, compared 0.71 in 2024.

Taylor Whimpey said it was still expecting to deliver a full-year operating profit in line with its previous guidance and that it was still on track to close out the year operating from 210-215 outlets, as also previously guided.

Chief executive, Jennie Daly, commented that market conditions “remain challenging”, impacted by uncertainty ahead of the Budget on 26 November and continued affordability pressures.

“We welcome the Government's planning reforms, and we hope to see continued momentum to enable the supply of much needed new homes across the UK as focus moves to the implementation phase,” Daly added.

“However, the Government's housing ambitions, and the significant economic and social benefits of increased housing supply can only be unlocked by effective demand, particularly for affordability constrained first time buyers.

“Taylor Wimpey is a strong and agile business, and we remain well positioned to capitalise on the improving planning environment, generating value from our high-quality, well-located landbank, while advancing new opportunities in our pipeline.”

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