According to recent numbers crunched by the NAHB’s Eye on Housing, new home inventory is sitting at a 3.5-year low. They point out that even with the level of sales remaining high, they exceeded construction starts by historic margins at the end of summer – driving new home inventories to a more than three-year low. Indeed…
“Despite recent flat growth conditions, the October sales rate was 42% higher than a year ago, as housing demand continues to be supported by low interest rates, a renewed consumer focus on the importance of housing, and rising demand in lower-density markets like suburbs and exurbs.”
Click here to read the full report at the NAHB’s Eye on Housing.
