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New Home Cancellations increased Sharply in Q2

New Home Cancellations increased Sharply in Q2

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Aug 05, 2022
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
New Home Cancellations increased Sharply in Q2
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First, a few quotes from some Q2 SEC filings:

"We believe the recent increases in interest rates during 2022 have caused buyer apprehension, affordability concerns, and an increase in cancellations.", Taylor Morrison Q2 SEC Filing

"The magnitude and speed of these recent rate increases has caused many buyers to pause and reconsider a home purchase, result…

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