Business
Phased reopening of sales centres and show homes
Phased reopening of sales centres and show homes.
About this update from Taylor Wimpey Plc
[{"type":"text","content":"\n \n \n RNS Number : 7448M\n Taylor Wimpey PLC\n 13 May 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 13 May 2020\n \n \n Taylor Wimpey plc\n \n \n \n \n \n Phased reopening of sales centres and show homes following updated Government guidance\n \n \n \n \n \n Overview\n \n \n · \n Housing market conditions have remained stable with signs of increased sales activity and customer interest since the re-start of site activities\n \n \n · \n The Government announcement on 're-starting the housing market' means that we can now set out our detailed plans for a return to site sales activity and extend our customer service provision\n \n \n ·\n Show homes and sales centres will reopen for pre-booked appointments, from Friday 22 May 2020\n \n \n · \n Construction is now underway on the majority of our sites across England and Wales\n \n \n · \n Extended warranty for customers in lockdown and enhanced support\n \n \n · \n New discount scheme launched for care workers \n \n \n \n \n \n Pete Redfern, Chief Executive, commented:\n \n \n \"This relaxation of the rules by Government and the clear desire to reopen the housing market is very welcome. However, we believe that it is our responsibility to apply these rules carefully and protect the health of our customers and employees. Our people are looking forward to being able to welcome customers to their sales offices and show homes, energised by new skills developed in serving customers digitally over the last 7 weeks.\"\n \n \n \n \n \n \n Trading update\n \n \n \n \n Since our announcement on 23 April which set out our approach to restarting construction, our sales rates have remained stable with signs of increased activity and customer interest over the last week. Cancellation rates have fallen and our orderbook has continued to grow. During the lockdown period we have sold 408 homes net of cancellations, averaging a net private sales rate of 0.30 homes per outlet per week. Cancellation rates have averaged 27% for the period and represented only 2.5% of the private order book. Our total orderbook as at w/e 10 May has increased to 11,033 homes (2019 week 19: 10,489), with a value of £2.7 billion (2019 week 19: £2.5 billion). \n \n \n We have remained in active and open discussion with landowners. ...