The Big Investors Leaving the Housing Market

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The Big Investors Leaving the Housing Market

Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for Reset Biggest investors in single-family houses: "We need to be patient and allow the market to reset." American Homes 4 Rent, during its earnings call last week, said a bunch of things that we have already seen in the data. Homebuilders’ cancellation rates spiked to nearly 18% of their total signed contracts in July, more than double from earlier this year and last year. The National Association of Homebuilders reported that its index for foot traffic of prospective buyers of new houses plunged in June and is now down to levels not seen since 2014. Homebuilders reacted by cutting prices: 13% of the builders reduced home prices in June to boost sales "and/or limit cancellations," In the conference call, it said that it has slashed its purchases of single-family houses by 80% from earlier this year, to "allow the market time to recalibrate and stabilize."

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