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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 494
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 404
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New home sales plunge 18.2%, but demand stays strong

Housing Wire

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates.

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The new home sales recession continues

Housing Wire

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with.

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MBA’s spring forecast: a record purchase volume year

Housing Wire

According to National Association of Realtors data, there was only 1.9 Newly built housing inventory is rising, up to about four months supply at the current strong pace. Newly built housing inventory is rising, up to about four months supply at the current strong pace. Exhibit 2 — click to enlarge. Exhibit 3 — click to enlarge.

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August 2021 Home Data Index Market Report

Clear Capital

Note that due to unprecedented conditions in spring 2020 (due to COVID restrictions) and tight inventory in spring 2021, the year-over-year numbers based upon paired sales in certain rapidly-rising markets (like Phoenix) may be overstated. Fortunately, we do have some history to point to — the taper tantrum of 2013.

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Teravista Housing Market Trends

Round Rock Appraisal

Date : 6/23/2013. Inventory and Sales : The neighborhood is currently experiencing quite a boom with sales up 55% over the last year. homes per month, this puts inventory levels right around 6.8 New Homes and Construction : Construction is still ongoing in this sprawling community. of total sales volume.