D.R. Horton's cancellation rate normalized in Q1 2023
0
5
10
15
20
25
30%
COVID-19 RECESSION
Mortgage rate shock
19%
22%
19%
18%
15%
17%
19%
15%
16%
24%
32%
27%
18%
18%
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Q2 2023