Margins on the up at Taylor Wimpey

Echoing statements made by sector peer Persimmon on Tuesday, house builder Taylor Wimpey said the first half of 2012 was a stable one for the housing market, enabling the group to report improvements across all of its key financial metrics.

Echoing statements made by sector peer Persimmon on Tuesday, house builder Taylor Wimpey said the first half of 2012 was a stable one for the housing market, enabling the group to report improvements across all of its key financial metrics.

The group achieved an average private net reservation rate of 0.60 sales per outlet per week, up from 0.56 in the first half of 2011. Cancellation rates remain below the long term average at 15.1%, much the same as in the corresponding period of last year.

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