2024 Real Estate Shift Show #6 - New Home Inventory Peaked in 2023
In 2023 across the nation 30% of the inventory was new homes. That number is two times higher then normal. Single Family home and overall construction spending was up year over year as of late 2023 as well. So new home builders are doing well. One of the reason is the lack of supply...the inventory shortage of homes that is still a challenge.