Supply of New Homes For Sale Reaches Highest Level In Over 12 Years

According to the latest data from HUD and the US Census Bureau, there is a 9.3 month supply of new homes for sale in the U.S. as of June, 2022.  As the chart below illustrates, this is the largest supply of new homes for sale since May 2010 when there was also a 9.3 month supply.  It wasn’t that long ago, August 2020 to be exact, when the supply hit a record low level of 3.3 months.

St Louis New Home Supply is a little lower…

It’s a little hard to pinpoint the new home supply in St Louis for several reasons.  One, not all new homes that are for sale are listed in the MLS and then the MLS allows new homes to be listed in two categories, both new construction and normal residential, so that can skew the data as well.  Nonetheless, we do the best we can to sort through the data.  As our table at the bottom shows, there is currently a little over a 7-month supply of new homes for sale in St Louis, so still higher than a historical “norm” but about 2-months less than at the national level.

  

Months Supply of New Homes In The U.S.

(click on chart for live, interactive chart)

Months Supply of New Homes In The U.S.

 

St Louis New Home Sales Data

St Louis New Home Sales Data

  
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