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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: russwinter	8/9/2006 7:50:38 AM
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Toll Brothers: biz.yahoo.com Did anybody get the actual cancellation rates? Only comment in release was this: We have seen an increase in our cancellation rates in a number of markets, including Orlando, Northern California, Palm Springs, Las Vegas, and Phoenix. While our current cancellation rate is significantly higher than our historical levels, we believe it is still the lowest in the industry, primarily because we require a significant non-refundable down payment before we start a buyer's home. Has anybody put together or have a source for cancellation rates reported by homebuilders?

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