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Like he said. To me it means if the builder over extends, or has too many delays they will run out of money. So if they're delaying payment they could run into trouble when a local market turns.

I tend to be wary of builders who take their money after the house is built. If they aren't collecting cash along the way they can get themselves into serious trouble. Personally, I'd only deal with a builder who I was confident had plenty of cashflow.