New Home Inventory: Origin of Stats?

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Posted by chisue (My Page) on

Thu, Mar 26, 09 at 10:13

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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RE: New Home Inventory: Origin of Stats?

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Posted by triciae (My Page) on
Thu, Mar 26, 09 at 17:11

Sue,

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

/tricia

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

RE: New Home Inventory: Origin of Stats?

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Posted by chisue (My Page) on
Fri, Mar 27, 09 at 11:06

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.

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