Housebuilder Taylor Wimpey hit by sales fall amid budget uncertainty
by Mark Sweney from on (#71DEF)
Weekly average for number of private sales per site drops 11% in key autumn period as property tax rumours swirl
The British housebuilder Taylor Wimpey has reported a drop in sales in the key autumn period, blaming uncertainty in the run-up to this month's budget for potential buyers holding back purchases.
The company, the latest home construction business to report softer sales growth, reported that its weekly average for the number of private sales per site fell 11% to 0.63 between 30 June and 9 November compared with 0.71 in the same period last year.
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