Major home builders are finally seeing an uptick in new-home orders and declining cancellation rates, according to this article. Beazer Homes USA reported fiscal first-quarter new-home orders were up about 37%, while the builder's cancellation rate dropped to 27% from 46% a year ago. D.R. Horton saw a 45% uptick in new orders, while its cancellation rate declined to 26% from 38% last year.
Published in Brief: