Residential Products Online content is now on probuilder.com! Same great products coverage, now all in one place!

Sales

On-Time Closings

Sixty-one percent of buyers closed on their new homes on time.

May 31, 2002

This article first appeared in the PB June 2002 issue of Pro Builder.

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.

PB Topical Ref

Sales

New-Home Sales

features