Trading Update

Taylor Woodrow PLC
08 November 2005




                                        
                        TAYLOR WOODROW plc TRADING UPDATE

Taylor Woodrow is hosting a site visit for analysts tomorrow to its Spanish
housing operation at which the following views on current trading will be
discussed. Copies of presentations will be available on www.taylorwoodrow.com.


Group

* Overall, we are trading in line with our expectations. Prospects remain
  good and we continue to benefit from our portfolio strategy.


UK

* Demand is slightly stronger than at this time last year, but the market
  is competitive and margin pressures remain, as we have previously indicated. 
  Our overall net reservations since the end of June are running some 15% ahead
  of the same period last year, from slightly fewer sites.


North America

* The overall market remains strong, though as expected there are now signs
  of some moderation of house price inflation in certain hotspots. Nevertheless,
  our record order book gives us confidence about prospects for 2005 and 2006.

* Hurricane Wilma has caused some interruption to our build schedules due
  to power and labour shortages, but we do not at this stage anticipate any
  material profit impact and still expect to complete the three Florida high 
  rise projects in this financial year.


                                    - ends -

Notes to editors:

Taylor Woodrow is a housing development group. Its primary business is the
development of sustainable communities of high quality homes in the UK and in
selected markets in North America and Spain. The company is listed on the London
Stock Exchange and in the year ending 31 December 2004 turnover increased by 26%
to £3.3 billion.


For further information please visit the company's website -
www.taylorwoodrow.com


For further information, please contact

Ian Morris                                 0121 600 8520 / 07816 518 767
Taylor Woodrow Public Relations

John Holland-Kaye                          0121 600 8394 / 07816 517 200
Taylor Woodrow Investor Relations

Ben Woodford / Dan de Belder               020 7861 3232 / 07977 927 142
Bell Pottinger





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