UK: Housebuilder Taylor Wimpey has warned that its raw materials suppliers are raising prices due to the ongoing war in Iran. During an update call accompanying the release of a trading statement, the company said that it was seeing increasing requests for price increases and surcharges. However, it added that it had “negotiated strongly on contracts for this year with some success.” In a trading statement it said that “build cost inflation is now expected to be low to mid single digit for 2026.” The company’s key raw materials include bricks, cement, concrete, timber and roof tiles.
The company has also warned in its annual reports since 2021 of the risk that carbon pricing may have upon the price of some its raw materials, including cement and steel. In the medium term, there are plans to include these costs in land valuations and/or pass them onto customers via raised house prices.
Taylor Wimpey’s revenue grew by 13% year-on-year to €4.44bn in 2025 from €3.93bn in 2024. Its profit before exceptional items fell by 5% to €326m from €343m. However, high cladding fire safety costs reduced its overall profit considerably.
