Lawler: D.R. Horton (DHI) Net Order Price Declined "Roughly" 10% from Peak

Chart of the Week: Single Family Rents vs. Wage and Salary Income

From housing economist Tom Lawler:

DHI’s average net order price last quarter was actually DOWN 4.1% from the comparable quarter of 2021, and was down 7.9% from the previous quarter.  While some of this decline may have been related to the mix of sales, it’s worth noting that the average net order price was down YOY in all but one of the regions DHI repo…