In the News
Market Price Wars Begin as Builders Seek Pace Predictability
Date
July 7, 2022
Category
News
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Word from a trusted executive this week on the ground in what had been one of U.S. housing's hottest new-home markets until a year ago is that a top 10 builder went to contract on dozens of orders with prices 23% lower in June than its May 2022 closing prices on the same homes and communities. A nearly $400,000 drop in the space of several weeks' time.