KB Homes just reported a 68% cancel rate. Their largest Q4 cancel rate in 6 years

[spiritualguy]

On Wednesday, KB Home announced that its buyer cancellation rate in the fourth quarter of 2022 spiked to 68%. That’s up from 35% in the third quarter of 2022, and up from 13% in the fourth quarter of 2021.

“Current conditions remain challenging. High mortgage rates and persistent inflation, together with an uncertain economy, have made homebuyers more cautious since the middle of last year. As such, in the fourth quarter, we prioritized delivering our large backlog and protecting our high margins over taking steps to stimulate additional sales during this seasonally slower time frame,” KB Home told investors on Wednesday.

[Complex]

may be reset phase

clear ga ardham avvatle atleast in Dallas market , homes sales are still not that bad.

[manadonga]

Kb homes worst builder 

if they have chance everybody going different builder