Unsold homebuilder inventory is ticking up as new home sales slow
Housing Wire
SEPTEMBER 26, 2023
“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000. At the current sales rate, this represents a supply of 7.8
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