: ‘Scary times’: Builders are slashing home prices and slowing construction as buyers pull back, survey shows


Home builders are feeling jittery.

That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes is cooling as buyers cancel orders, and builders are slashing prices to offload homes, the survey found.

“Scary times,” a home builder in Nashville, Tenn. told the company. “Hoard cash and…

This article was originally published by Marketwatch.com. Read the original article here.

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