TWOD Taylor Woodrow

RNS Number:3979M
Taylor Woodrow PLC
21 November 2006

                                
                                Taylor Woodrow plc

                                  Trading Update

Taylor Woodrow is hosting a site visit for analysts in Swindon later today, at
which the following views on current trading will be discussed. Copies of the
presentations will be available at www.taylorwoodrow.com.


Group

Overall, we anticipate full year results for 2006 to be towards the top end of
expectations.


UK

We continue to expect modest growth in home completions for the full year, with
average selling prices per square foot above those achieved in the first half.
Although the market continues to vary regionally, we are in the main
experiencing more steady conditions than in 2005. Net reservations per site per
week are ahead of last year and cancellation rates are lower.

Our landbank continues to strengthen and we have good opportunities for growth
in 2007 and 2008, assuming market conditions remain stable.


North America

We remain on course to deliver our expected growth in home completions and full
year profits from our North American business in 2006. Our strategy of
maximising forward sales in the buoyant market conditions of 2005 has mitigated
the impact of continuing weakness in Arizona, California and Florida.

As expected, the autumn selling season has seen reduced levels of reservations
and higher levels of cancellations compared with the same period last year. Our
order book at the end of October 2006 is 22 per cent below last year's record
position by dollar value.

With the exception of Canada, Texas and parts of Florida, our North American
markets remain challenging and difficult to predict, mainly due to industry
levels of stock overhang.


Spain & Construction

The performance of our housing business in Spain and Gibraltar and that of our
Construction business remain in line with expectations.


                                     -ends-

Notes to editors:

Taylor Woodrow is a housing development group. Its primary business is the
development of sustainable communities of high quality homes across the UK and
in selected markets in North America and Spain. The company is listed on the
London Stock Exchange and in the year ending 31 December 2005 turnover increased
by 5% to #3.5 billion.

For further information please visit the company's website -
www.taylorwoodrow.com


For further information please contact:

Taylor Woodrow
Jonathan Drake (Investor Relations)                0121 600 8394 / 07816 517 039
Ian Morris (Media Enquiries)                       0121 600 8520 / 07816 518 767


Bell Pottinger
Dan de Belder/ Victoria Geoghegan                  020 7861 3232




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
TSTKBLFLQFBBFBX

Taylor Woodrow (LSE:TWOD)
Historical Stock Chart
From Jun 2024 to Jul 2024

Taylor Woodrow (LSE:TWOD)
Historical Stock Chart
From Jul 2023 to Jul 2024