The FTSE 250 company’s stock rose 6% this morning following its positive trading announcement which saw the builder revise up its financial targets for the period 2015-2017.
The optimistic sentiment was shared by house building giants Barratt Developments and Persimmon which saw them lead the FTSE 100 gainers with a rise of 2.8% and 1.8% respectively.
Taylor Wimpey said the volume of new home sales and the prices being achieved were at the “upper end” of its expectations and the MMR rules were a “positive move for the long-term health of the market”.
And it said consumer confidence in the market remained high.
Since the launch of its 2011 strategy Taylor Wimpey has outperformed the goals which it set out and by the end of 2015 it expects to have met each of its key financial targets.
This morning’s postive share price rise for housebuilders is a stark turnaround from the uncertainty felt at the end of last year when Governor Carney announced the end of the Funding for Lending Scheme.
At the end of November Taylor Wimpey’s shares fell 6.7%, Persimmon dropped by 5.5% and Barratt slumped by 9% as Carney refocused the FLS on small business lending.
