Taylor Wimpey Share Discussion Threads

[jugears] 12/2/2021 15:47

Martyn9 Yes very true, although in construction the architect will allow the contractor to choose a supplier & most of the time contracts are design & build.

[martyn9] 12/2/2021 15:33

To add jug, architects surely must bear the brunt, they specify the materials?

[sikhthetech] 12/2/2021 15:32

The reputation damage is far greater than the monetary cost.

Same with the leasehold scandal. You can't just throw money at it and hope it goes away.

[jugears] 12/2/2021 15:28

imastu,Its not just house builders its the whole construction industry, Most of these developments were built by the construction industry & not HB's Imo this will have unnoticeable impact on house builders but more of an impact on construction that is noted for its penny pinching & corner cutting to maintain there 1% or below margin!!!! Its funny really though that hb's & construction put forward proposals that are passed by local councils (again the biggest penny pinchers) surely the people that pass these developments & sign them off should be paying? 1.5% or 10% will just go on the price of the development either way so we can look forward to higher house prices in the future.
martyn, other than first time buyers why should the government offer more support?, I have never needed help buying a house & shouldn't think many on here have either. the problem with today's , young & my kids are no exception is that they want everything now the flash car, I phone , designer clothes, netflix, sky, shopping at waitrose, costa etc, IMO you can soon save for a deposit if you put you mind to it, its surprising how little money you can spend just making your own sandwiches & coffee for lunch, driving an old banger that you own & not on finance, shopping at primark & lidl/Aldi . £10 here £50 there soon starts to add up, but they are not taught money management because they have probably never had to go with out!!!!

[martyn9] 12/2/2021 15:00

Stamp duty extended until the end of may, would not be surprised if budget does not offer more support to the housing market.imo

[gbh2] 12/2/2021 14:29

Didn't need a mathematician to work this out.

[imastu pidgitaswell] 12/2/2021 14:25

The announcement on Wednesday that Britain’s housebuilders would have to cough up £2 billion to help fix the cladding crisis hit their shares even though City analysts didn’t seem fazed yesterday.

Charlie Campbell, a real estate analyst at Liberum, noted that “cladding fears look overdone”.

By his calculations, tax is equivalent to only 1.5 per cent of the builders’ profits over the next decade. At worst, it is 3 per cent of their combined profits.

The number crunchers at UBS, the Swiss bank, came back with a similar prediction that the hit to developers “should be less than 4 per cent” of their profits.

Campbell speculated that the tax would most likely take the form of an increase in corporation tax, which would rise to 21.5 per cent for the sector from 19 per cent. He expects that the costs “will remain manageable” and sees the mini sell-off of builders’ shares on Wednesday as a “buying opportunity”.


zzzzzz

[sikhthetech] 11/2/2021 19:26

UK house prices expected to fall as lockdown, stamp duty deadline and job cuts weigh

"Much of the UK property industry expects house prices to fall in the next three months, as lockdown, home-schooling and the end of a stamp duty holiday cool the market."

"A new poll by the Royal Institute of Chartered Surveyors (RICS) on Thursday shows a majority of its member surveyors and estate agents expect prices to fall in the next three months."

[sikhthetech] 11/2/2021 17:16

GP,

I post company/sector/economic newsflow which could impact house builders.
I try and back up my opinions with links.
There's nothing stopping anyone counter my points or posting their own.



Jug,
"current news is old news I am more concerned what the future will bring rather than dwelling depressively on current news"

That's the point, posters on here look at the TU/results, which is old news. The spike in house sales/prices is down to SD Hol, H2B for 2nd homes ending.
I look at the events which will impact house builders/house prices going forward. When there is news, I re-assess. So far I haven't seen anything to change my stance on HBs/housing market.

Next month, budget, SD hol and H2B for 2nd homes ends, furlough ends 30th April.


"so had a little 50k punt tonight that I will hopefully sell at a profit tomorrow"

Another 50k...Looks like you need to hold for a bit longer.

[gbh2] 11/2/2021 10:04

Growth, most stopped caring about sikh's whining long ago, nothing worse than a bad Loser than cannot move on!

[gbh2] 11/2/2021 10:01

Picked up a few more, looking froward to results & return of the divi :)

[growthpotential] 11/2/2021 09:03

Actually my comment was about Sikh always posting negative news about TW, not about your tax question! For your question, firstly, you're in a good position although £2k is a very low limit. Secondly, tax should be a part of your investment strategy but not the sole driver. You wouldn't want to miss out on a big leg up on the day you sell

[jugears] 10/2/2021 17:33

I do hope sikhs post is not in response to my previous post? does he/it or she not know that I do not give a flying F--k what they say, it has no influence on my investing whatsoever, but my advise to you is to start thinking outside the box, being controversial & going against the grain has made me the successful business man I am, I do not plan any of my investments whether shares or in business for now but further down the line, current news is old news I am more concerned what the future will bring rather than dwelling depressively on current news. what I do find bizarre is that Tw always fall more than Bdev, The word M A N I P U L A T I O N comes to mind, so had a little 50k punt tonight that I will hopefully sell at a profit tomorrow, While we are having this exaggerated volatility I am going to have a go at trading shares as my portfolio now has all the long term shares I require for the moment. I just find it very hard selling Tw shares with such a huge profitable future ahead of themselves.

[sikhthetech] 10/2/2021 17:28

Jug

"house builders are forward sold well past stamp duty holiday ending & h2b on second homes ending"

People all too often reserve and cancel, as can be seen from the results. It'll depends on how many complete not how many have reserved at this point in time.
This depends on budget, furlough(unemployment) etc.


"people will still buy houses irrespective of incentives"

Obviously people will still buy houses after the incentives finish, but the point is the numbers will drop. The spike during the past few months was due buyers rushing to beat the Stamp Duty hol and H2B for 2nd homes, both schemes ending next month.


"I haven't seen any proof anywhere that stamp duty holiday has encouraged anyone to buy a house that wasn't already going to anyway, it may have brought forward some peoples moves"


The property experts, House Builders, Estate Agents disagree with you.

If Stamp Duty hol wasn't important for HBs/property market then why are HBs/Estate Agents etc pushing the Chancellor to extend it????? Why waste all that time and money on something which isn't significant???

Why have Galliards Homes introduced their own Stamp Duty hol equivalent, paying for it out of their own pocket???




You're entitled to keep loading up, it's your money but for me, there's significant challenges ahead for HBs.

[gbh2] 10/2/2021 16:49

imo the HBs will be on a promise from the Government to help clear up this fiasco.

I pick up a few more in the last hour, I still think we'll see +170p by the next ex dividend date.

[jugears] 10/2/2021 16:46

Its funny how all the house builders are forward sold well past stamp duty holiday ending & h2b on second homes ending, that tells me something about the demand for new houses, offer an incentive & people will take it if they need it or not. people will still buy houses irrespective of incentives, when covid sorted & lock down ends I can see a massive boom in the housing market, as for cladding surely at the end of the day its the local planners that pass very detailed proposals, Far to often especially these days local authorities are trying to pass the buck!, The problem with stamp duty holiday was that it was introduced by a government that got it wrong again in typical stile they panicked, house sales were already picking up at a rapid pace but as we all know the government are usually at least 2 months behind with the news. but will know doubt pat them selves on the back for a long time to come, before the country was shut down in March last year I could see from forward orders that the housing market was going to have a very good year, I haven't seen any proof anywhere that stamp duty holiday has encouraged anyone to buy a house that wasn't already going to anyway, it may have brought forward some peoples moves & benefited the unwise that are happy to pay 20-30k more for a house just to save £15k( & lets face it there are plenty of dimwits about.) but IMO thats all it has done, I guess we will see but judging from my order book I'm not to worried this side of Christmas!

[gbh2] 10/2/2021 16:12

Got to laugh when these idiots think multiple postings make a difference :))

[sikhthetech] 10/2/2021 15:15

Redrow have said similar to other HBs that increased sales last year were down to Stamp Duty hol, Help to Buy and pent up demand. As expected.
A huge 44% of their reservations were using Help to Buy.



"We have seen a strong sales market during the first half driven by a combination of pent-up demand from the first national lockdown, the introduction of the Stamp Duty holiday and the impending end of the Help to Buy scheme for existing home owners"

"The successful Help to Buy scheme, in its current form since 2013, has helped thousands of people take a step onto the housing ladder and move-up into homes that better match their needs. It has now closed to applications and a new scheme has been launched restricting participation to first time buyers and capping prices on a regional basis."

"Help to Buy was utilised on 44% of our private reservations in the first half (2020: 42%) (excluding PRS).

The market remained strong and we are seeing house price inflation across all of our operating areas except London.

We welcomed the Chancellor's introduction of the Stamp Duty holiday, which is expected to end on 31(st) March 2021. It is an important initiative, which has led to a positive economic ripple effect beyond the new homes market. The success of the holiday illustrates that high levels of Stamp Duty deter buyers and we continue to urge Government to undertake a reform of the tax to make homes more affordable in the longer term."





Help to Buy for 2nd homes ends next month, 31st March
Stamp Duty hol ends next month, 31st March
Budget next month
TW results next month, which should contain similar comments as the other HBs.

Furlough ends 30th April

[sikhthetech] 10/2/2021 15:02

gbh

"Costs will be offset against tax."

It'll be the same as the redress for the leasehold scandal.

How much did TW set aside for that?

[sikhthetech] 10/2/2021 15:01

Imastu,

"Does it hurt being as useless as you are? "

lol. Oh dear, I've hit a nerve... you're rattled...
Looks like you were looking in the mirror when you wrote that. You really are a pathetic bitter poster.

Obviously, you're loading up and holding at these prices given you believe it's a buying opportunity!!!! No, I didn't think so lol

Talk is cheap, backup your conviction and load up big time.... unless, of course, you don't believe your own BS.

[gbh2] 10/2/2021 14:59

Costs will be offset against tax.