by Calculated Risk on 10/26/2021 12:06:00 PM

Today, in the Newsletter: New Home Sales: Record 106 thousand homes have not been started

Excerpt (there is much more):

The inventory of completed homes for sale was at 36 thousand in September, just above the record low of 33 thousand in March, April, May and July 2021. That is about 0.5 months of completed supply (just above the record low).

The inventory of new homes under construction is at 3.6 months - slightly above the normal level.

However, a record 106 thousand homes have not been started - about 1.6 months of supply - almost double the normal level. emphasis added

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