Taylor Wimpey (LSE:TW.) has cut its UK home sales forecast for the second time this year after higher mortgage rates and living costs squeezed buyers’ budgets during the autumn selling season.
The housebuilder now expects to hand over around 10,500 homes in 2026, down from its previous forecast of 10,600 to 10,800. Both figures exclude homes built through joint ventures.
The slowdown will also weigh on earnings.
Taylor Wimpey expects adjusted operating profit to come in near the bottom of the £262 million to £299 million range forecast by analysts. It said selling prices had softened further and it was still offering buyers incentives to help secure sales.
There are also fewer sales lined up for future handover. At 8 November, Taylor Wimpey’s order book stood at 6,839 homes, down from 7,253 a year earlier.
That is 414 fewer homes for which the builder already has a buyer.
Chief executive Jennie Daly said Taylor Wimpey was still on track to open more sales outlets this year.
The lower forecast covers the financial year ending 31 December.
