by Calculated Risk on 6/23/2022 12:02:00 PM
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales and Cancellations
However, as KB Home noted on their conference call yesterday, a large portion of the increase in cancellations were on “unstarted homes”.
Currently cancellation rates are below normal for the home builders. As an example, Toll Brothers recently announced a cancellation rate of 3.8%, down from 4.3% the previous quarter, and well below their historical rate of 7%. During the housing bust, Toll Brothers cancellation rates peaked close to 40%.
There is much more in the newsletter.
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