Inventory of New Homes In The U.S. Hits Highest level since 2010

Given the low-inventory of homes for sale that has existed for some time now, it may be hard to believe my next statement, but the latest data from the U.S. Census Bureau and HUD show that there is currently a 9-month supply of newly constructed homes in the U.S. As the chart below illustrates, this is the highest level the supply of new homes in the U.S. has reached since May 2010 when there was a 9.3 month supply.

The months supply of depicted below is calculated as the ratio of new homes for sale to the number of new homes sold.  The resulting number represents the number of months it would take for the current new home inventory that is for sale to be depleted given the current sales rate if no new additional new homes were built.

Months Supply of New Homes In The U.S.

(click chart for live, interactive chart)

Months Supply of New Homes In The U.S.

Don’t miss these posts!

We don’t spam! Read our privacy policy for more info.

🤞 Don’t miss info like this!

We don’t spam! Read more in our Privacy Policy

Comments are closed.