Homebuilders are slowing down production and walking away from land deals as buyer demand cools.
The adjustment is easing pressure on two headaches that have plagued builders for years: high construction costs and supply-chain delays.
"We are starting to see some of that subside on the front end of things as [housing] starts have started to come down," said Ryan Marshall, CEO of PulteGroup Inc. (NYSE: PHM), during a conference call with analysts on Oct. 25.
In the years following the Great Recession,…
