New Home Inventory: Origin of Stats?

chisueMarch 26, 2009

I've read that there's a year's supply of unsold new homes. Where does that number come from? Self-reporting by large builders/developers?

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triciae

Sue,

The numbers come jointly from the US Census Bureau & HUD.

/tricia

Here is a link that might be useful: New Home Sales

    Bookmark   March 26, 2009 at 5:11PM
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chisue

Those are some verrrry interesting tables, albit gloomy ones. The increase in inventory is 28.8% year over year (Feb. 2008/Feb. 2009). Months on market are creeping up too -- no surpirse.

Also interesting, the authority's disclaimer that it takes FIVE MONTHS to extablish a trend in new home sales.

    Bookmark   March 27, 2009 at 11:06AM
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