Inventory Of New Houses Highest Since 2008 Amid Stalled Projects Construction not started: the number of houses for sale where construction hasn’t started yet jumped to 106,000 in january, the highest in the data going back to 1963, as homebuilders – seeing a red hot market – are piling on new development projects. nearly 30% of the houses sold in january were in this category. The inventory of new single family houses for sale rose to 407,000 houses in february (seasonally adjusted), the largest unsold inventory since august 2008, up by 40% from a year ago. this.
Inventory Of New Houses Highest Since 2008 Amid Stalled Projects The inventory of new us homes stands at the highest since the bursting of the housing bubble more than a decade ago, raising the risk that builders will dial back production in a market longing. The inventory of new us homes hit its highest level since the 2008 housing bubble. fresh government data revealed 481,000 one family homes for sale in may, with nearly 100,000 of these already completed but unsold—the most in over 14 years. at the current sales pace, it would take 9.3 months to clear this inventory, marking the longest. Jul 25, 2024, 12:42 pm. by. trd staff. high interest rates and inflated home prices amid growing inventory is wreaking havoc on home sales across the nation. sales of new us homes unexpectedly. The inventory upswing was particularly high in florida. (getty images) the south saw the most substantial growth in housing: in december 2023, inventory was up 7.7% year over year in the region.
Inventory Of New Houses Highest Since 2008 Amid Stalled Projects Jul 25, 2024, 12:42 pm. by. trd staff. high interest rates and inflated home prices amid growing inventory is wreaking havoc on home sales across the nation. sales of new us homes unexpectedly. The inventory upswing was particularly high in florida. (getty images) the south saw the most substantial growth in housing: in december 2023, inventory was up 7.7% year over year in the region. The inventory of new single family houses for sale rose to 407,000 houses in march (seasonally adjusted), the largest unsold inventory since august 2008, up by 52% from a year ago. this amounts to 6.4 months of supply at the current rate of sales. Unsold inventory of new houses spiked in a historic month to month leap of 34,000 houses, and by 127,000 houses from april last year, to 444,000 unsold houses, seasonally adjusted, the highest since may 2008.
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