Tag Archives: DHI

People are abandoning home shopping

Dr Horton said his cancellation rate was 24% last quarter. Above, contractors at a DR Horton development in Florence, Arizona. Caitlin O’Hara/Bloomberg In its most recent quarter, America’s largest homebuilder saw new home order cancellations hit their highest level in three years. It’s the latest example of higher mortgage rates pushing home buyers away. DR… Read More »