When is it too late to back out of building a house?

My husband and I are in the early stages of construction of our first house. I like the house … but I'm noticing a lot of pre-owned homes in the area that appears to be a lot more house for the price we are paying for having one built. They have poured the foundation of our house yet, but we've gone through all the financing and really sent (sp?) In cash – I do not think about coming back. If it is too late to turn back, that is OK – I just wanted to explore all my options. This is our first home – I intend to be smarter next time! Thanks for all the answers!

Why not get the house built and try to turn a profit? you should be able to least a balance, although the other houses in the neighborhood, probably not in the market by then. the grass is greener on the other hand, I'd say just go with is – a new home will save money in the long term.

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