Large Homebuilders Aiming to Turn Inventory Heading into 2025

Charlotte, NC, October 14, 2024-Several of the big homebuilders in the U.S. are aiming to turnover inventory heading into the new year with a mix of price cuts and special financing offers, reports Builder Magazine. 

In many cases, larger builders are able to leverage in-house financing programs to offer lower interest rates to prospective homebuyers. Note that rate cuts and price adjustments have been on specific models and communities. A recent survey from Zonda (Private) showed 15% of builders cut prices in August, while 20% raised prices. For example, Lennar was offering a limited time only promotional FHA interest rate of 3.99% for certain homes in its Orange County, California homes. In another example cited in the article, Toll Brothers cut prices on its Caleda model by 20% for a quick move in home.