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Cracks Appear in UK Housing Market as Second Housebuilder Reports Drop in Sales

Taylor Wimpey Follows Persimmon in Reporting Fewer Sales, More Cancellations
The country’s fourth-largest home builder’s rate of net sales per week has almost halved. (Getty Images)
The country’s fourth-largest home builder’s rate of net sales per week has almost halved. (Getty Images)
CoStar News
November 9, 2022 | 11:10 AM

Taylor Wimpey has warned investors that new home sales are falling as potential buyers pull out of purchases on higher mortgage rates and and heightened levels of economic uncertainty.

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