Core Viewpoint - Taylor Wimpey is experiencing a sales slowdown due to uncertainty in the housing market ahead of the November Budget, leading to a decline in share price and sales rates [2][3][7]. Sales Performance - The weekly net private sales rate per outlet decreased to 0.63 from 0.71 compared to the same period in 2024 [2]. - Excluding bulk sales, the sales rate fell to 0.61 from 0.68 [3]. - For the year to date, the overall sales rate slightly decreased to 0.72 from 0.73, while the rate excluding bulk deals remained stable at 0.68 [4]. Cancellation Rates - The cancellation rate increased to 16% from 15% [5]. Order Book and Financials - As of 9 November, the forward order book contained 7,253 homes, down from 7,771 homes the previous year, with a total value of £2.1 billion, lower than £2.2 billion previously [5]. - The company expects to generate an operating profit of approximately £424 million, an increase from £416.2 million last year [8]. Landbank and Strategic Position - The short-term landbank stood at 75,000 plots at the end of October, down from 76,000 at the same time in 2024, while the strategic land pipeline remained unchanged at 135,000 plots [5]. Market Conditions and Outlook - The CEO highlighted that market conditions are challenging due to uncertainty ahead of the UK Budget and ongoing affordability pressures, but expressed confidence in the company's ability to deliver profitable growth and maximize shareholder returns [7]. - Taylor Wimpey maintained its guidance for the full year, expecting to build between 10,400 and 10,800 new homes, compared to 10,593 in 2024 [7].