Last month, I attended NAHB’s midyear meeting in Miami and had the pleasure of sitting in on a presentation by Daniel Swift, president and CEO of Des Moines-based architecture group BSB Design.
Sixty-one percent of buyers closed on their new homes on time.
Sixty-one percent of buyers closed on their new homes on time. The remaining 39% were delayed by one week to five months, with most of the delays taking from one week to two months to resolve. While most new homes are delivered on time, the number and extent of delayed closings are high considering the negative effect missed deadlines can have on buyers.