What the “Housing Shortage” of New Single-Family Homes Looks Like: Ballooning Inventories, Falling Prices, So-So Sales

Since mid-2024, inventory for sale of new single-family homes at all stages of construction has been about 45% to 55% higher than in 2019, and has been at the highest level since the peak in 2005-2007, at the beginning of the Housing Bust, even as sales have been hobbling along...