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Chart of the Day: Real Estate Cancellation Rate

Posted by Samuel A. Kiburz on Feb 2, 2023 1:31:04 PM

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Chart shows a 68% cancel rate in 2022 versus 13% for the same quarter in 2021

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.

About the Author

Samuel A. Kiburz

Samuel A. Kiburz

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

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.

Topics: Chart of the Day

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