Taylor Wimpey’s share price has been pressured over the past three months due to market volatility pushing it down 15% from its 52 week high of 207.40 to an opening price of 1783.80 on Monday.

Today the UK house builder Taylor Wimpey (LON:TW) released its interim trading statement which noted a healthy backdrop for the UK housing market whilst also announcing record order book levels.

Taylor Wimpey said on Monday that sales rates for the year to date are ahead of the prior year at 0.76 sales per outlet per week in comparison to 0.66 in the equivalent period of 2014 citing strong sales rates in the second quarter continuing through the commonly slower summer period and into autumn. The company said that the second half to date sales rates are roughly 22% above the same period in 2014.

Pete Redfern, Chief Executive, commented:

“We have seen an excellent summer selling season strengthen further in the autumn period, with customer confidence high and demand underpinned by rising real wages and good access to a wide range of mortgage products. Against this backdrop, we are reporting record order book levels and expect to deliver an improvement in operating profit margin of over 200 basis points in 2015 and a return on net operating assets of over 25%. As we look forward, we are particularly pleased to see that the tighter lending requirements are helping to ensure that monthly payments remain affordable and sustainable, which contributes towards a healthy outlook for both homebuyers and homebuilders.”

The increase in sales has seen all properties which have a targeted 2015 completion date fully sold whilst Wimpey said it is now focused on building its order book for 2016 and beyond. At 8 November 2015 the business stated that they are around 27% forward sold for its expected 2016 private completions.

In the statement Taylor Wimpey indentified the UK housing market as very positive, “with high levels of customer confidence and demand converting into increased sales and healthy sales price growth”.