Homebuilder Comments in Mid-May: “Reducing Sales, Limiting Sales”

Some twitter comments from Rick Palacios Jr. , Director of Research at John Burns Real Estate Consulting Here’s May mid-month home builder channel check I hinted at earlier. Builders are pushing prices w/little pushback, though some starting. Some builders are using price escalators & highest/best offer. Many limiting pre-sales, shifting to spec, & pricing home later in build cycle. #Dallas builder: “Not selling build jobs in May, starting specs only, and not selling until drywall. Costs are too out of control for us to take the inflation risk on build jobs. So sales are way down.”……(read more)

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