US Real Estate - Builder Inventory (Patreon)

Per Reventure, new homes for sale are piling up—9 times more than the monthly sales average, the highest since 2022. Translation: at today’s pace, it’d take 9 months to clear the stack. That’s over DOUBLE the 2020 ratio. Historically, supply this bloated—494,000 new single-family homes, most since the 2008 crash—only hit these levels four other times, three during recessions.

Brace yourself: price slashes might be on the horizon

Brace yourself part 2: This is often a recession indicator

h/t Sanjay for the image