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LONDON, Nov 11 (Reuters) - Britain's second biggesthousebuilder by volume Taylor Wimpey said its operatingmargin would rise for the year but became the latest builder toindicate that the red-hot housing market was beginning to cool.
The firm, which built 11,696 homes last year, said onTuesday it would deliver an increase in operating margin of 400basis points, compared to guidance of a 300 basis points rise inJuly.
However, it said the housing market was steadying as salesrates from June 30 until the present day fell 5 percent on 2013at 0.60 sales per outlet. (Reporting By Costas Pitas; Editing by Neil Maidment)
