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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Sales of existing homes fall for 11th consecutive month
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Poster Handle
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Anonymous Coward |
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Post Content
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KB Homes experiences 68 % cancel rate in Q4 2022.
2/3 of Homebuyers walked away from their contracts in the quarter leaving KB Homes with a massive pile-up of inventory. In Q4 of 2021 the cancellation rate was only 13%
ETA: The cancel rate in 2008 peaked for many large builders at around 50%
Market is collapsing.
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