They have also seen a huge decrease in closed sales -10% and -14%.

For my point on hypothetical rate decreases, the major driver is really the supply and the demand increase that lower rates would bring.

As a side note,  it doesn't seem like the margins are very good if you are spending $450,000 on the hard construction, still have carrying costs (debt service/loan origination, taxes, builders risk insurance and general liability) and have to include the subdivided parcel which presumably decreases the value of your current home.

Their performance will decrease. 

I hope the number of homes for sale increases in the next few months along with a slight decrease in Mortgage rates.

When people put reno on credit cards or credit lines, it increases their credit utilization rate, which decreases their credit score.

It's not decreasing in value or deteriorating.

That journal entry also debits a special Asset account “Due from PM” that decreases that asset and inscreases when PM direct deposits and the transaction matches as deposit on “Due from PM”. 

The irony in most cases is those who spend excessively for complexed entity structures can't even articulate what they are protecting against and operate the underlying businesses recklessly (improper insurance, inadequate or no contracts etc.) and end up in trouble anyway.

List to Close decreased 3.6% to 80 Percent of Original List Price Received- decreasing 0.2% to 97.8%.