Taylor Wimpey PLC (LSE:TW.) set out new medium-term growth targets to deliver 14,000 UK completions excluding joint ventures, with an operating profit margin of 16-18% and a return on net operating assets above 20%.
"Growth will be driven by higher outlet numbers, without the need for net land investment as we unlock the value of our strong, existing landbank and reinvest in smaller sites," the housebuilder said.
"Operating profit margins will benefit from operating leverage as volumes grow and with the evolution of the landbank as we cycle into newly purchased land which benefits from improved margins."
It also highlighted a shorter landbank strategy following the government's changes to national planning policy.
In current trading, the net private sales rate for the nine weeks to 28 September 2025 was 0.65 per outlet per week, down from 0.70 in the equivalent period in 2024.
The FTSE 250-listed group called this a "robust" performance against the backdrop of "softer market conditions beginning in the second quarter", with house prices remaining "broadly flat".
The total order book value stood at £2.12 billion, covering 7,223 homes, unchanged from its interim results in July.
On the full-year outlook, TW said it remained "on track" for completed sales of 10,400-10,800, excluding JVs, and continued to expect an operating profit of around £424 million.