Taylor Wimpey May Sell N. America Assets for Less Than Planned

Taylor Wimpey Plc, the U.K.’s second-largest homebuilder by volume, may raise less money than planned from the sale of its North America operations because of the U.S. market’s weakness, an analyst at Susquehanna International Group LLP said.

Taylor Wimpey is in talks to sell the Scottsdale, Arizona-based unit, Taylor Morrison Inc., and values its net assets at 500 million pounds to 600 million pounds ($806 million to $968 million), Chief Executive Officer Peter Redfern said in a Jan. 18 interview. Today, a report showed that residential real-estate prices in the U.S. fell in the 12 months to December by the most in a year.