Housebuilders remain upbeat, but there are some signs of gathering clouds over the UK housemarket (Yui Mok/PA)
(Picture: PA Wire)Taylor Wimpey has reported bumper profits and said it expects the number of sales to rise in the rest of the year, even as signs of slowing sales in the wider industry co-incide with rising interest rates and a deepening cost-of-living crisis.
The developer filed half-year profit before tax of £335 million, up over 16%. Its average private selling price reached £337,000 in the first half of its financial year, up 3.1%, a softer rise than the 6.5% in the same period a year ago. Completed sales in the six months to July 3 reached 6790, passing expectations. It forecast a 4% to 5% rise in full year completions.
