US Home Foreclosure filings up 99% from September 2006; Top home builder says 68% of its prospective buyers cancelled orders in the company's fiscal fourth quarter Home builder Beazer reported that 68% of its prospective home buyers cancelled their orders in the company's fiscal fourth quarter, which ended Sept. 30th. The cancellation rate was almost double the 36% of customers who cancelled orders and gave up deposits in the prior quarter.

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RealtyTrac, an online marketplace for US foreclosure properties, reported on Thursday that its September 2007 US Foreclosure Market Report, shows a total of 223,538 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported during the month, down 8% from the 32-month high in the previous month, but still up 99% from the number reported in September 2006. The national foreclosure rate for the month was one foreclosure filing for every 557 households.

Home builder Beazer reported that 68% of its prospective home buyers cancelled their orders in the company's fiscal fourth quarter, which ended Sept. 30th. The cancellation rate was almost double the 36% of customers who cancelled orders and gave up deposits in the prior quarter.

Beazer, which had 2006 revenue of $5.46 billion and is one of the 10 biggest US home builders by sales, is one of the first to provide results from September.