America’s largest homebuilder just issued a warning louder than 2008. And it’s not subtle.
Builders are spending 13.3% of home prices on buyer incentives—the highest since the 2009 crisis. “Major builders are now spending 13.3% of home prices on desperate buyer incentives—the highest since the 2009 financial crisis.” D.R. Horton reported a 10% year-over-year drop in Southeast sales. “This came after the business revealed that its Southeast division’s net …
