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Taylor Wimpey expects to top 2021 profit view on housing market recovery

Nov 9 (Reuters) - Taylor Wimpey is set to deliver current annual results towards the upper end of expectations, while it expects 2021 profit to exceed the current consensus as the housing market recovered quicker than expected from a coronavirus-led slump.

“The quick recovery of the housing market in the second half of this year, ahead of expectations, is evidence of the underlying strength of demand and the importance of low interest rates and stable mortgage lending,” the company said on Monday.

Shares of the company were trading 10% higher. (Reporting by Shanima A in Bengaluru; Editing by Ramakrishnan M.)

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