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New Home Cancellations increased Sharply in Q3
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New Home Cancellations increased Sharply in Q3

"Significant shift in market conditions"

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Nov 09, 2022
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New Home Cancellations increased Sharply in Q3
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First, a few quotes from some homebuilders:

"During most of the year, demand for our homes was strong. Beginning in June and continuing through today, we have seen a moderation in housing demand caused by significant increases in mortgage interest rates and general economic uncertainty.” [Donald R. Horton, Chairman of the Board, said] …The Company’s canc…

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