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

Compared with a year ago, home sales are up 3.4 percent, and the inventory of unsold homes has been whittled down to an 812 month supply. are still down nearly 30 percent from their peak nearly.

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2 Myths Holding Back Home Buyers After rising to their highest level in almost a decade, existing-home sales slackened in February. “The affordability constraints holding back renters from buying is a signal to many investors that.

NEW YORK (Fortune) — The news that housing starts have fallen to their lowest level in 17 years sounds like one more reason. million subdivisions across the U.S. The massive overhang of unsold.

Inventory of unsold residential apartments drops thanks to steady prices, cuts in GST.. drop of 16% in overall unsold housing stock in the past two years, Bengaluru. the relatively lower number of launches is also helping the market limp. inventory overhang from 90 months to 45 months in the two years.

Developers say the new building. 2015-18 to nine months today. As sales have slowed, the number of condos on the market.

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Existing-home sales slid for the fourth straight month in July to the slowest pace in more than two years. housing inventory at the end of July decreased 0.5% to 1.92 million existing homes.

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Unsold luxury housing stock declines 12% in one year Updated : June 11, 2019 01:14 PM IST Overall unsold inventory of luxury homes (priced Rs 1.5 crore – Rs 2.5 crore) declined to 42,650 units in Q1 2019 from 48,300 units in Q1 2018.

"With no excess inventory of unsold new homes. at Insight Economics, said. Low inventories are also spurring more building. Builders broke ground last month on the most new homes and apartments in.

. by 11 per cent in Q1 FY20 when compared to a year-ago period. During this quarter ending June, new project launches also reduced by a. Also, inventory overhang reduced to 30 months -i.e. at the current sales velocity, developers would take less than three years to sell the existing housing stock.

According to NAR’s report, total housing inventory at the end of June rose slightly by 0.9% to 2.30 million existing homes available for sale, which is is 0.4% higher than the same time period a year.

Unsold Inventory Hits Two-year Low in Q4 2018 – ANAROCK. Significant drop from 47 months of inventory overhang in Q4 2017; NCR still. Despite all headwinds including the liquidity crisis in 2018, housing sales rose by 18% and new launches by 33% across the top 7 cities.. from 9 AM – 5:30 PM IST.

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