Housebuilder Taylor Wimpey has released an upbeat trading statement reporting rising sales rates in the UK and "cautious optimism" about improving conditions in the US housing market.
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In the UK, the builder said average sales prices achieved in the period were 9 per cent higher than the £163,000 achieved in the first half of the year. But most of the increase is down to changing the development mix from flats to homes. Guidance on year-end net debt is now £800m (slicing £100m off the previous estimate), reduced by the £510m the group raised in May.
