Major housebuilder cuts housing completions figure
Taylor Wimpey is calling on the Government to stimulate the property market after reducing its new build target.
One of Britain’s largest housebuilders has cut the number of homes it expects to deliver this year.
Taylor Wimpey said the property market was “challenging”, and called on the Government to do more to help buyers with schemes such as Help to Buy.
The company said in March it expected to complete 10,600 to 11,000 new-builds this year, which would already have been 4% down on 2025.
Weaker demand
It expects the number to be between 10,600 and 10,800 in 2026, excluding homes built in joint ventures, This is Money reports last week.
“We continue to support the Government’s housing ambition,” Taylor Wimpey said.
“However, without targeted demand support and viability measures to unlock delivery, weaker demand, rising costs and limited affordable housing funding risks reducing sector output and UK economic growth.”
Profit down
In the first six months of 2026, the company’s completions totalled 4,986 homes, down from 5,264 a year ago.
Taylor Wimpey’s results for the first six months of this year showed the group’s operating profit dropped 19% to £130million, while revenue was up 2% to £1.68billion.
The 1.5 million housebuilding target, set by the Government, was set to be missed by more than 660,000, Savills warned in June.
The agency forecasted that new homes completions in England would average 167,500 every 12 months in the next few years, well behind the Government’s target of 300,000.
It means 837,500 new homes in total are set to be built in the five years to 2029/30.
