Lawler: Selected Operating Results, Large Home Builders

Cancellation Rates Increasing Sharply

From housing economist Tom Lawler:

Below are some selected operating results from some large home builders for last quarter. Note that the sales cancellations number are derived from reported sales cancellations rates and may be off by a bit due to rounding.

One of the more striking statistics on orders and cancellations was from MDC Holdings, where gro…