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    Wednesday, November 04, 2009

    Taylor Wimpey Says Market Conditions Improved

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    By Sarah Turner
    MarketWatch Pulse
       

      LONDON -- Homebuilder Taylor Wimpey said Wednesday that U.K. housing market conditions are significantly better than at the same point a year ago. The firm said that it's fully sold for 2009 and cancellation rates are low at 16% for the second half to date. Average selling prices for private homes are currently around 9% higher than the 163,000 pounds seen in the first half due to changes in mix and price increases. The total order book stands at 1.0 billion pounds and the firm said that it remains well positioned for market recovery.

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