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- Centex: Cancellation Rate Falls
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On cancellation rates: “Our cancellation rate continues to fall at 29%, it’s the lowest in over a year.”It makes sense that cancellation rates are now falling. It takes about 6 months to build a new home, so anyone who bought after the August credit crisis was probably aware of the tighter lending standards and falling house prices, and made their plans accordingly. Still some buyers have probably been unable to sell their existing homes, and the cancellation rate remains high by historical standards. …
Original Source
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1 May, 2008| housingblogs |
@ 19:54