This is scary. 😬
KB Homes, a large home builder, just reported a 68% CANCEL RATE.
Meaning that over 2/3 of Homebuyers walked away from their contracts in the quarter. Leaving KB Homes with a massive pile-up of inventory.
Last year the Cancel Rate was only 13%. pic.twitter.com/4O9OaWO8K0
— Nick Gerli (@nickgerli1) January 17, 2023
