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?

Thank you for reporting this comment. Undo


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


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

    Bookmark   March 26, 2009 at 5:11PM
Thank you for reporting this comment. Undo

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
Sign Up to comment
More Discussions
help!!! advice needed asap for 2nd mortgage
I need to take out $30,000 in equity for desperately...
Home Loan advise? Remodel and Addition
I am looking into a renovation/remodel of my current...
Accounting Question
I was hoping there'd be an accounting forum her on...
How much to replace car key? Am I being taken for a ride?
Hi all. I lost a key and a remote control to our 2005...
Do I need to give a 1099-misc to the lady who cleans for me?
For the first time ever, I began having a lady clean...
Sponsored Products
Oversized Mid Century Link Pillow in Marigold
Grandin Road
Oak Five-tier 3-piece Leaning Ladder Shelf Set
Bronze New York Subway Triple Light Fixture
$692.90 | Bellacor
Galtech 9-ft. Aluminum Commercial Market Umbrella - 735W-50
$229.99 | Hayneedle
Canyon Ranch Rejuvenate Pillar Candle - 4"H
$12.50 | FRONTGATE
Forged Steel Kick Plate
Signature Hardware
Bali Roller Shades: Overture
Portland, My One True Love Art Print.
$23.99 | Dot & Bo
© 2015 Houzz Inc. Houzz® The new way to design your home™