As prices soar, some builders backing out of bargain contracts for new homes [South Florida]

As prices soar, some builders backing out of bargain contracts for new homes [South Florida]

Most everything was in boxes as Dottie and Gary Sahadeo prepared to move out of their Coconut Creek home to a more spacious, custom-built house west of Boynton Beach.

But with construction almost complete, the Sahadeos received an unwelcome call: Their developer was canceling their contract, requesting $150,000 more to finish the work.

“We bought stuff for it. It’s depressing,” said Dottie Sahadeo, who expected to move a year ago.