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Taylor Wimpey chooses to sell fewer homes

Taylor Wimpey has said it will deliberately sell fewer homes this year as it attempts to control its ever-growing order book.

Would-be buyers have reserved close to 10,400 of its homes and three-quarters of those deals have already exchanged. That has taken the value of the group’s order book up to £2.9bn – £200m more than at this time last year.

Jennie Daly, who was promoted to chief executive in April, said the order book was “slightly longer than we would like”.

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