Taylor Wimpey has reduced its full-year completions forecast and expects its operating profit to be at the lower end of its target following a challenging autumn selling season.
In a trading update for the 2026 financial year, the housebuilder said that increasing mortgage rates had put further pressure on affordability throughout the autumn.
Taylor Wimpey’s net private sales rate per outlet per week for the period from 29 June to 8 November 2026 fell to 0.60, down from 0.63 the previous year. Excluding the impact of bulk deals, the sales rate stood at 0.54, down from 0.61.
For the year to date, the Group have reported a net private sales rate of 0.69, compared to 0.72 in 2025, and 0.62 excluding bulk deals (2025: 0.68).
Its order book excluding joint ventures as of 8 November 2026 stood at 6,839 homes, down from 7,253 in 2025, with a value of c.£1.98billion, falling from c.£2.12billion the previous year.
Jennie Daly, Chief Executive of Taylor Wimpey, commented: “The autumn selling season has been more subdued, as higher mortgage rates and living costs continue to reduce customer affordability. We now expect 2026 UK completions excluding joint ventures to be around 10,500 homes and Group adjusted operating profit to be around the bottom end of the consensus range.”
“We remain focused on supporting customers, operating efficiently, maintaining our strong balance sheet and progressing our strategy, and are on track to open more outlets this year, with progress reflecting our early proactive approach to planning.”
“We welcome the government’s Your First Home Scheme to support getting people onto the property ladder. Our strong first-time buyer proposition and growing outlet base position us well as the scheme develops.”
The trading update continued to say that the Group’s strategy to drive value from its landbank is progressing well, increasing its outlet base without net land investment. Taylor Wimpey is currently operating from 225 outlets, up c.9% year-on-year (2025: 206), and has operated from an average of 220 for the year to date. The housebuilder has also opened 59 new outlets in 2026, up from 51 in 2025, and remains on track to deliver year-on-year growth in average outlets.
Looking ahead, Taylor Wimpey said that while affordability challenges continue to impact near-term demand, it will continue to deliver progress on the operational priorities within its control. The trading update said that the Group’s landbank, strong balance sheet and operational discipline will help it deliver profitable growth as market conditions improve.
