Home Builder Cancellation Rates Drop

Home Builder Cancellation Rates Drop

With home builder cancellation rates normalizing, the Census Bureau may have been overestimating new home sales and underestimating inventory when cancellation rates were rising. However, this could be reversing now as home builder cancellation rates have started to decline. When a previously cancelled home is resold, the home builder counts it as a sale, but the Census Bureau does not (since it was already counted). It's important to understand the potential impact of changing cancellation rates on reported new home sales. Many Orlando Home Builders are still offering aggressive incentives to bring buyers in.

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