Taylor Wimpey says house building costs rising amid higher energy prices

Dan Coatsworth, head of markets at AJ Bell, said: “Taylor Wimpey’s update implies a small step back in terms of sales and pricing.

“It is watching inflation closely as there is a risk that materials to build a home become a lot pricier – which is not good news when Taylor Wimpey’s home selling prices are in retreat.

“It’s no wonder investors are displeased with the update as it suggests harder times ahead.”