{"id":117,"date":"2007-07-31T16:11:59","date_gmt":"2007-07-31T16:11:59","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/uncategorized\/homebuilding-market-subdued\/"},"modified":"2007-07-31T16:11:59","modified_gmt":"2007-07-31T16:11:59","slug":"homebuilding-market-subdued","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2007\/07\/31\/homebuilding-market-subdued\/","title":{"rendered":"Homebuilding market – ‘subdued’"},"content":{"rendered":"\n\n
<\/td>\n<\/tr>\n<\/table>\n

The UK housing market is slowing as interest rates begin to cut deeep, the UK’s biggest homebuilder has said.<\/span> <\/span><\/span><\/p>\n

Taylor Wimpey – formed by the merger of George Wimpey and Taylor Woodrow – said though the market was “subdued”, conditions remained \u00e2\u20ac\u02dcstable\u00e2\u20ac\u2122. <\/span><\/span><\/p>\n

It said that short-term conditions in the struggling US housing market “remained difficult to predict”, but it was confident for the longer haul. <\/span><\/span><\/p>\n

The firm saw pre-tax profits of \u00c2\u00a3259m in the six months to 30 June. <\/span><\/span><\/p>\n

Shares climbed 5% as it revealed it had found an additional \u00c2\u00a330m in cost savings from the merger and announced plans for a \u00c2\u00a3750m share buyback. <\/span><\/span><\/p>\n

Taylor Wimpey said that it would concentrate on forward selling as it tried to beat the tough trading environment, with its order book 5% ahead of last year. <\/span><\/span><\/p>\n

UK interest rates have risen five times since August 2006 and now stand at 5.75%, pushing up the cost of mortgages. <\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The UK housing market is slowing as interest rates begin to cut deeep, the UK’s biggest homebuilder has said. Taylor<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[23,48],"tags":[],"class_list":["post-117","post","type-post","status-publish","format-standard","hentry","category-house-market","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=117"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/117\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}