11 November 2026
If you are covering Taylor Wimpey's latest financial results, please find below a comment from Oli Creasey, head of property research at Quilter Cheviot:
"Taylor Wimpey's third quarter trading statement shows that the company is continuing to struggle in a difficult market. There is a modest downgrade in full year volume expectations to 10,500 homes (guidance was between 10,600-10,800 at the half year 2026 results), and Group adjusted operating profit is now being guided to the lower end of analyst expectations (around £265m). At the beginning of the year, the company provided guidance that this figure would be around £400m, guidance which we understand has been updated for the first time today. That 33% downgrade is meaningful, even if sell-side analysts were largely already expecting it.
"While not explicitly disclosed, there is commentary suggesting house price weakness as well. Prior guidance was for the average sale price to rise 1% in 2026, but today's statement remarks on pricing that is suffering from "marginal softening" amid subdued market conditions. Based on these remarks and our understanding of the current house price conditions, we would expect the average sales price to fall year-on-year.
"Taylor Wimpey is finding this market difficult on multiple fronts. Sales volumes and prices in full year 2026 are now expected to be below both 2024 and 2025 results, as is the order book compared to this time in both years (both in terms of volume and value). The company has more sales outlets open than last year, but the sales rate (0.6 sales per outlet per week) is lower for this period than the comparable one this time last year.
"The silver lining for investors may be the reiteration of expectations of a net cash position of £250m at year end, even after returning around £240m to shareholders in the year through dividends and share buybacks."
