The musician said that many of the band's fans have "moved on" as they haven't toured the US in over six years.
He told Metal Injection: "We don't play back home. We've boycotted America for many years now.
"I don't know, I just don't wanna go out like that. We did a few radio shows in 2010 for a friend and that was it. We haven't properly toured America since 2006."
Durst explained that the group also didn't want to give into today's chart trends, adding: "We just don't know what's going on in America. It's all about the new catchy thing and that's always changing. America is driven by record sales.
"It's the home of corporations. We're just Limp Bizkit, so we don't know how to do anything but Limp Bizkit."
The 41-year-old concluded: "But here's the deal: say in 2000, there were 35 million people who connected to this band. Twelve years later, lots of those people have moved on. We were a moment in time and it's over."
Limp Bizkit were said to be working on a follow-up to their 2005 EP 'The Unquestionable Truth Part 1' after signing a record deal with Lil Wayne's Cash Money label earlier this year.
Watch the music video for Limp Bizkit's 'Rollin'' below: