U.S. housing supply jumped to 7.8 months at the current sales rate in August, the highest measure recorded since March 2023, as the inventory of completed homes for sale continued to climb, hitting its highest level since April 2020.
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Single-Family Home Inventory Up YoY in May
Despite housing inventory falling slightly to a 7.7 months’ supply month-over-month, the nation's supply was up 34.5% over last May, with 444,000 units available for sale.
Read More »First-Time Buyers Continue to Feel Supply Chain Impact
As new home sales experienced a decline in February, the 20.4% rise in building materials year-over-year is being passed on to the consumer and pricing many out of the market.
Read More »New Home Sales Begin to Taper Off
Sales of new single‐family houses slid 6.6% month-over-month in June, with supply concerns still impacting the market.
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