//
The company explained in a statement that the "continued stability" of the housing sector has helped it over the first half of the year with the firm raising net proceeds of £510 million since the beginning of 2009, news that may be welcomed by those carrying out stock market trading.
It has also reached a new agreement regarding debt restructuring and orders for new homes have increased by 73 per cent since the end of 2008, with the value of such properties currently standing at £971 million.
However, despite noting that the sector is "beginning to improve", Taylor Wimpey stated that fears over increasing unemployment are causing it to be "cautious" about any potential economic recovery.
As a result, the house builder said that it is to focus on cost-cutting until the financial situation improves.
Following the announcement, shares in Taylor Wimpey were up 2.75p to 31.64p at 10:34 BST in London.
