Selected Operating Results, Large Home Builders; Cancellation Rates Increasing Sharply


by Calculated Risk on 10/28/2022 01:42:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Selected Operating Results, Large Home Builders


Below are some selected operating results from some large home builders for last quarter. Note that the sales cancellations number are derived from reported sales cancellations rates and may be off by a bit due to rounding.

Deliveries and Average Sales Price

One of the more striking statistics on orders and cancellations was from MDC Holdings, where gross orders totaled 1,569 while sales cancellations totaled 1,270!!!!  And in its “Mountain” division (Colorado, Idaho, and Utah), net orders were NEGATIVE 3 homes!


Image and article originally from Read the original article here.