Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years

Case Shiller: National Home Prices Hit New Low in 2011 Q1.. First, of course, Census 2010 took a snapshot of the US over a year ago, and. Fewer than 4,000 out of the 22,000 new units built since 2003 remain unsold, according to.. demand for housing was strong (so the excess vacant inventory was.

Housing Inventory Hits 30-Year Low Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home.

Still, while unsold inventory. April 30 and expanded it as well, housing starts may hold up well in the coming months. In any case, RBS expects that housing starts in October were little changed.

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 · As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years,” said CoreLogic Chief Economist Frank Nothaft in a release. In Pennsylvania, home price increases were below the national average for year-to-year, rising only 2.5 percent, but identical to month-to-month increases, at 0.6 percent.

 · total housing inventory at the end of June increased 0.9 percent to 2.30 million existing homes available for sale, an increased 0.4 percent from 2.29 million a year ago, NAR reports. Unsold.

It was clear to me that Xian was about to experience a massive oversupply of property that would pressure the market for years. Well, that was partially correct. It did produce a substantial oversupply and an overhang of unsold property inventory equivalent to more than 22 months.

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Housing Inventory Hits 30-Year Low. By Watch City. August 9, 2017.. but rather a lack of inventory. As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years.. The inventory. several years.

Perungudi saw the launch of nearly 2,600 new units between 2014 and Q1 2019, while the current unsold stock in the area is approx. 600 units. This more-than-decent uptick in housing sales over the last few years comes primarily from buyers who prefer to walk/cycle to work or feasibly use their own transport for significantly lower commute time.

Top 7 cities’ cumulative unsold stock declines by 16% in 2 years – at 6.65 lakh units in Q1 2019; Top 7 cities’ unsold inventory declines from 50 months in Q1 2017 to 30 months this quarter; Inventory measured in months indicates how many months it will take for the current unsold housing stock on the market to sell.