13 Jul

Taylor Wimpey climbs top retailer sells list

Taylor Wimpey climbs top retailer sells list

Taylor Wimpey has restored some confidence to the property market by climbing to fourth place in the top retailer sells list.

According to TD Waterhouse, the construction company has enjoyed a revival of its share price, something which may prove to be good news for the sector.

Angus Rigby, chief executive officer at TD Waterhouse, said: "The house builder gave a more stable outlook for the housing market as it announced a £971 million (73 per cent) increase in its current order book."

However, he added that Halifax as recorded a 0.5 per cent decline in property prices since the end of June, which is a reminder that although the market is recovering, some part may not be out of the woods yet.

Taylor Wimpey reported some more positive news at he end of June, when it revealed that it had seen a 73 per cent rise in the number of orders received when compared to the end of last year.
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