Housing woes hit Taylor Wimpey as they slash 2026 build targets to 10,600–10,800 homes—down from earlier forecasts—warning the UK economy could suffer without urgent government-backed demand support. Rising costs, shrinking buyer interest, and dwindling affordable housing funds are crippling the sector. First-half completions fell to under 5,000, cash reserves dropped 50%, and profits are sliding. Despite the gloom, the firm is tightening belts, launching a £42M share buyback, and bracing for a prolonged downturn with prices stuck and costs climbing.
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