Leading United Kingdom Home builder, Taylor Wimpey announced today that it’s heartened by steadiness in the housing market. It appears that their forward orders are up by 73% since the end of 2008, and they are presently seeing a drop in the number of cancelled orders. The conclusion appears to be that Home prices are now broadly flat and that new Home buyers are returning to the market in significant numbers.

Forward orders are agreements by purchasers to buy houses from construction companies. An increase in forward orders shows us that more individuals are ready and willing to enter into new home purchases. This gives the developer the comfort of knowing that he’ll have a Quick Property Sale as soon as the home is built. The reasons for this improvement in forward orders are thought to be twofold.

Firstly, purchaser confidence is increasing. Pent up demand for new houses is now beginning to play out, and buyers who just a few weeks ago kept their hands in their pockets are now ready and willing to take the buying commitment. This is further fuelled by the, albeit slow, improvement in mortgage availability and the easing of mortgage terms and interest rates. Home constructors are also presently offering the best purchase incentive schemes seen for many a year, further improving demand.

Secondly, new Home buyers are on the increase because they are beginning to achieve sales on their existing houses. This is a crucially important effect. If sales of older residential properties are delayed then owners cannot fulfil their dream to move up the property owning ladder, and so will be disinclined or powerless to make forward commitment to Home constructors. Selling your property at a less than expected figure becomes more attractive if you are buying from a Home constructor who is pricing keenly and offering a first class incentive package.

The constructor needs to Sell Home Fast, as soon as he has finished it, and if you can get yourself in the position of a cash Home purchaser; you’ll be able to achieve a fantastic discount. So much so that it may well pay you to use one of those "Sell my House fast" companies to allow you to make a rapid sale of your old home even though that would undoubtedly involve discounting it heavily.

Taylor Wimpey is the No 1 new Home building company in the United Kingdom and a 73% improvement in forward orders is a very significant one. There are now grounds for genuine confidence that the home price falls of the past two years are now a thing of past, and that sales of houses will continue increasing and begin to drive values back up in the short to medium term.

A further positive effect is that in order to fulfil growing demand; Home construction companies must increase their construction activities and will need to re employ staff and workers previously laid off. This should at least put the brakes on the rate of increase in unemployment, and will give a knock on effect for the economy overall, upstream industries, such as raw material production for the building industry will see an increase in business which once again will feed back into the national economy.