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New Home Sales and Cancellations
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New Home Sales and Cancellations

No Clear Pickup in Cancellations Rates for Public Builders

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Jun 23, 2022
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New Home Sales and Cancellations
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New home sales, as reported by the Census Bureau, are reported when the contract is signed, whereas existing home sales, as reported by the National Association of Realtors®, are reported when the transaction closes.

This means that any change in the housing market usually shows up in the new home sales report earlier than in the existing home sales repo…

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