Homebuilder Comments in June: “Someone turned out the lights on our sales in June!"

Today, in the Calculated Risk Real Estate Newsletter: Homebuilder Comments in June: “Someone turned out the lights on our sales in June!""

A brief excerpt:

Read these builder comments from around the country. Sales have declined sharply in June.

Some homebuilder comments courtesy of Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting (a must follow for housing on twitter!):

#Atlanta builder: “Someone turned out the lights on our sales in June!”

#Austin builder: “Sales have fallen off a cliff. We’re selling 1/3 of what we sold in March and April. Trades are more willing to negotiate pricing since market has adjusted significantly past 60 days.”

#Birmingham builder: “Sales have fallen 75% the last two months in a further out community.”

#Boise builder: “Sales have slowed tremendously. Builders are dropping prices and halting new starts. Seeing prices drop on labor due to slowing of home starts. Expecting 15% to 20% reduction in most costs.”

There many more comments in the article. You can subscribe at https://calculatedrisk.substack.com/