When a builder re-release homesites at a discount rate, what does that mean?

I’m interest in one of the most popular new communities socal, the builder uses a bidding system where a few months ago people generally won the bid 20-30% above starting bid price. However, they re-released a few home sites and cut the bid starting price modestly. This is about 1/2 through all the phases. I tend to think builders would do everything in their powers to avoid something like this (I.e. offer to buy down points/closing assistance/free upgrades/comp solar etc.) at this time as it indicates a significant softening of demand. Am I reading too much into this?

submitted by /u/sushishishi
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I’m interest in one of the most popular new communities socal, the builder uses a bidding system where a few months ago people generally won the bid 20-30% above starting bid price. However, they re-released a few home sites and cut the bid starting price modestly. This is about 1/2 through all the phases. I tend to think builders would do everything in their powers to avoid something like this (I.e. offer to buy down points/closing assistance/free upgrades/comp solar etc.) at this time as it indicates a significant softening of demand. Am I reading too much into this? submitted by /u/sushishishi [link] [comments]

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