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Chart of the Day: Real Estate Cancellation Rate

Crews Bank & Trust Wealth Management Services Feb 2, 2023
Chart shows a 68% cancel rate in 2022 versus 13% for the same quarter in 2021

Contents

Today’s Chart of the Day is a heads up from @Nickgerli1 on Twitter about the current state of home construction. It shows that KB Homes, which is a publicly traded company that delivers 3,500 homes annually, reported a 68% cancel rate of contracts to build homes. This is up from only 13% from the same quarter in 2021. Will this be an opportunity to build a new home for less as the demand waivers? Only time will tell.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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