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Taylor plc Wimpey 11 November 2021 Taylor Wimpey plc Trading statement Overview Pete Redfern , Chief Executive , commented : " We are pleased with performance in the second half to date , and remain on track to deliver full year 2021 results in line with previous guidance . We have been building a strong forward order book for 2022 and continue to see good demand for our homes , supported by a positive market backdrop . Despite well - publicised industry supply chain pressures , we are managing our supply chain effectively and are benefiting from our scale and strong partner relationships . We continue to see house price inflation fully offsetting build cost inflation . Looking ahead , market conditions remain supportive , and with the benefit of our strong land position we are well placed to deliver against our medium term targets . " UK market backdrop and trading performance The UK housing market has remained positive in the second half of 2021 with good customer demand and mortgage availability . We expect to deliver full year results in line with our expectations , as outlined at the half year results ¹ . We have achieved a strong sales rate of 0.91 homes per outlet per week in the second half of the year to date ( 2020 : 0.76 ; 2019 : 0.93 ) , and 0.95 homes per outlet per week for the year to date ( 2020 : 0.73 ; 2019 : 0.97 ) . Cancellation rates for the year to date have remained at normal levels , at 14 % ( 2020 : 21 % ; 2019 : 15 % ) . Our outlet openings have progressed in line with our expectations , with 64 new outlets opened in the year to date ( 2020 : 56 ; 2019 : 76 ) . Our sales rate has remained strong , and we are currently closing sales outlets ahead of schedule , with completions on these sites continuing into 2022. We have operated on an average of 224 sales outlets in the year to date ( 2020 : 239 ; 2019 : 252 ) . We expect to grow our outlets in the second half of 2022 , and to grow our outlets by around an additional 50 by mid - 2023 , leaving us well positioned for significant growth in completions from 2023. As at 8 November 2021 , our current total order book , excluding joint ventures , stood at c . £ 2.8 billion ( 2020 : c . £ 3.0 billion ; 2019 : c . £ 2.7 billion ) . Our order book represented 10,643 homes as at 8 November 2021 ( 2020 : 11,530 ; 2019 : 10,486 ) . 1