Company Reports

Taylor Wimpey is one of the UK’s largest residential property developers. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain. The company also has a small homebuilding operation in Spain.

On Sept. 26, 2026, UK Prime Minister Andy Burnham announced Your First Home, a new equity loan scheme in England targeting first-time buyers. Listed UK homebuilders have been crying out for demand stimulus to replace Help-to-Buy, which closed to new applicants in 2022.

Taylor Wimpey narrowed its volume outlook for the year to the bottom half of the previously guided range and lowered its distribution target from 7.5% to 4.0% of net assets. It also reported higher-than-anticipated operating expenses that weighed on margins in the period.

Taylor Wimpey is one of the UK’s largest residential property developers. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain. The company also has a small homebuilding operation in Spain.

We are moving to a price/tangible net asset value multiple-based terminal value for the UK homebuilders. This better reflects our view on the midcycle returns each company can generate and the realizable value of the landbanks.

Taylor Wimpey is one of the UK’s largest residential property developers. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain. The company also has a small homebuilding operation in Spain.

Taylor Wimpey’s trading update for the year to April 26: Guidance for completions remains unchanged (10,600 to 11,000), but it raised its build cost inflation expectations and retracted its operating profit guidance of GBP 400 million in fiscal 2026 due to a “wide range of outcomes” from this point.

Taylor Wimpey is one of the UK’s largest residential property developers. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain. The company also has a small homebuilding operation in Spain.

Taylor Wimpey is one of the UK’s largest residential property developers. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain. The company also has a small homebuilding operation in Spain.

Taylor Wimpey reported 2025 results broadly in line with our estimates. It expects 2026 adjusted operating profit of around GBP 400 million, which is below consensus (GBP 410 million), but in line with our forecast for GBP 398 million.

Taylor Wimpey issued a trading update for calendar 2025. Headline completions and average selling price for the year were in line with consensus expectations, but the outlook for top-line growth, margin progression, and therefore operating profits, slightly disappointed.

Taylor Wimpey issued a trading update. The net private sales rate from June 30 to Nov. 9, excluding bulk sales, was 0.61, down from 0.68 a year prior, but guidance for fiscal 2025 was all maintained.

We attended Taylor Wimpey’s investor day, during which management unveiled new medium-term targets.

Taylor Wimpey is one of the UK’s largest residential property developers. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain. The company also has a small homebuilding operation in Spain.

Taylor Wimpey reported first-half results broadly in line with our expectations, with the exceptions being GBP 222.2 million in extra building safety provisions and a one-off GBP 20 million hit to operating profits this year for remedial works.

We’re transferring coverage of Taylor Wimpey, one of the UK’s largest residential property developers.

Taylor Wimpey is one of the UK’s largest residential property developers. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain. The company also has a small homebuilding operation in Spain.

The UK homebuilders have rallied between 16% and 25% in the last month. Lenders have recently lowered mortgage rates below the Bank of England’s 4.5% policy rate, anticipating multiple rate cuts in 2025, which has helped boost homebuilder shares.

Taylor Wimpey updated the market regarding trading in the first four months of 2025. Despite the heightened uncertainty during the period, sales rates continued to improve and management remained confident in their ability to meet full-year guidance.

No-moat Taylor Wimpey’s performance in 2024 aligned with our expectations, with the full-year delivery of 10,593 home completions and EBIT of GBP 416 million aligning with our forecasts. Importantly, recent sales activity has remained resilient to the modest tightening in financial conditions observed since the release of the UK budget in late 2024. Indeed, the year-to-date weekly private sales rate has held steady at 0.75 homes per active sales outlet, relative to the second half of 2024. As a result, Taylor Wimpey expects to deliver modest growth in completions in 2025, guiding to a range of 10,400-10,800 homes (excluding joint ventures)—a 1.5% year-on-year increase in sales volumes at the midpoint of guidance.