In a trading statement published on Tuesday, the firm’s chief executive said the firm had made a “good start to 2024” with the spring selling season progressing as expected.

However, Taylor Wimpey has reported another drop in sales. It reported a net private sales for the year to April 21 of 0.73 per outlet per week, dipping slightly from 0.75 over the same period a year earlier.

Excluding bulk sales, the firm’s net private sales rate for the year to 21 April 2024 was 0.69 per outlet per week (2023: 0.66). As at 21 April 2024, Taylor Wimpey’s total order book value stood at £2,090 million (2023: £2,379 million) representing 7,686 homes (2023: 8,576 homes).

The firm told shareholders it has seen “encouraging” traffic to its website and “good levels” of visits to its site.

Jennie Daly, chief executive, commented: “We have made a good start to 2024 with the Spring selling season progressing as expected. While we are mindful of ongoing market uncertainty and affordability challenges, it is pleasing to see continued market stability supported by good mortgage availability and sustained customer confidence. Our teams are working hard on the ground to support our customers through the buying process, underpinned by our strong marketing strategy and the quality and location of our homes, which are driving good levels of interest.

“Looking ahead, we are confident that we have a strong and resilient business supported by a high-quality, well-located landbank. We remain focused on driving value and investing in the long term sustainability of the business, and we remain on track to deliver our guidance for 2024 while ensuring we are positioned for growth from 2025, assuming supportive market conditions.”

Ms Daly added: “Looking ahead, we are confident that we have a strong and resilient business supported by a high-quality, well-located landbank.

“We remain focused on driving value and investing in the long-term sustainability, and we remain on track to deliver our guidance for 2024 while ensuring we are positioned for growth from 2025.”