Demand for homes boosts Taylor Wimpey profits Analysts had expected Taylor Wimpey to post a 93pc increase in pre-tax profit to, according to a Thomson Reuters poll. During 2012, we've continued our consistent approach and focus on margin and returns, delivering a significant increase in profits. These results show the benefit of our short term land and strategic land asset choices," Chief Executive Pete Redfern said. We believe that mortgage availability will remain the key constraint on the market, although we have seen improvement over the last few months and hope that this will continue. This combined with a tentative improvement in consumer confidence, gives us grounds for cautious optimism in the short term. The company said it completed 10,886 homes at an average selling price of £181,000 pounds, compared to 10,180 homes at £171,000 pounds in 2011. The value of its order book at the end of 2012 was 14pc higher at £948m. Taylor Wimpey has continued the trend of strong results from Britain's house builders, after Persimmon and Bovis both posted a sharp increase in their profits earlier this week. House builders are enjoying rising profit margins as they build on land purchased cheaply during the housing crash, shift their focus from city-centre flats to pricier family homes, and increase their sales from a very low base. Persimmon said its revenues rose by 12pc to £1.72bn for 2012, as it sold 6pc more homes, at 9,903, than in the previous year. Sales were up by 3pc at each outlet, it said. Rival Bovis posted revenues up by 17pc to £425.5m for the year, sending pre-tax profits up by 69pc to £54.1m. That came on the back of a 15pc rise in sales to 2,355 homes and a 5pc average price rise to £170,700.