Fortune (February 21)
2023/ 02/ 23 by jd in Global News
“The housing market correction just took a new turn,” which appears to be “brutal.” KB Home’s Q4 results revealed a buyer cancellation rate that shot to 68%, up from 13% year on year. The Q4 cancellation rate “also surpassed the industry’s peak cancellation rate of 47% during the darkest days of the 2008-era crash.”
Tags: 2008-era crash, 47%, 68%, Brutal, Buyer cancellation rate, Correction, Housing market, KB Home, Peak, Q4 results
