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Last Updated: Wednesday, 10 January 2007, 10:29 GMT
Building firm enjoys housing boom
A new home (generic)
Average new home prices rose to nearly 200,000 last year
The UK housing market has given Solihull-based builders Taylor Woodrow a boost as it forecasts profits to come in at the top end of expectations.

The company, which also works in the US, Spain and Gibraltar, said it built nearly 8,300 houses in the UK last year - 1.4% more than in 2005.

The average UK selling price jumped to 193,000, it said.

The company said UK sales remained good in the second half of the year despite two rises in interest rates.

However, it warned: "Customer confidence could be damaged if further interest rate rises materialise in 2007."

Woodrow said the housing market in the US "weakened considerably in 2006" because of rising interest rates and concerns over affordability.

It built more than 13,000 houses in total last year - up 5.2% from 2005.


SEE ALSO
Houses snapped up over Christmas
05 Jan 07 |  Edinburgh and East
House prices 'rose 9.9% in 2006'
05 Jan 07 |  Business

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