Taylor Wimpey forecasts housebuilding surge in second half of year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
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Source: Yahoo Finance
Taylor Wimpey’s Home Building Forecast: Taylor Wimpey anticipates constructing up to 10,000 homes this year, an increase from previous estimates, despite a 22.6% drop in operating profit and a decline in sales and completions during the first half of 2024.
Impact of Planning Reforms: The company is optimistic about potential planning reforms by Labour that could enhance land supply and support housebuilding efforts, which are seen as crucial for economic growth in the sector.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
