Publish date:

Home Builders Hold the Most Homes For Sale Since December 2008

Builder speculation in unsold homes is at a 13-year high. Is that a problem?
New Homes For Sale By Stage of Construction 2021-06

Homes by Stage of Construction

Homebuilders have 358,000 homes or lots on speculation that they would like to sell. 

  • 358,000 total
  • 214,000 homes are under construction
  • 110,000 lots unstarted 
  • 34,000 finished homes for sale 

New Home Sales 

New Home Sales Not Seasonally Adjusted 2021-06

In June, builders sold 60,000 homes. They have 358,000 for sale of which 248,000 are in progress or completed. 

Builders have a record 110,000 lots for homes they have not yet started construction. 

New Home Sales and Homes for Sale

New Home sales and Home for Sale 2021-06


Supply in Months 

Supply in Months 2021-06

Whether or not current speculation matters depends on the direction of sales.

Some builders held off sales because of soaring material costs (especially lumber). The supply of labor was also tight.

Regardless, prices have risen fast.

One has to wonder when affordability and willingness of buyers to stretch their budgets to buy homes hits a brick wall.


Like these reports? I hope so, and if you do, please Subscribe to MishTalk Email Alerts.

Subscribers get an email alert of each post as they happen. Read the ones you like and you can unsubscribe at any time.

If you have subscribed and do not get email alerts, please check your spam folder.


New Home Sales Sink 1.7% to 627,000 Units: Builder Spec Homes Most Since 2009

New home sales in July were 627,000 units SAAR. Economists expected a rebound in new home sales to 649,000 from 631,000.

New Home Sales Beat Expectations, Up Most Since November 2017

New home sales are up thanks to builder discounts and falling mortgage rates.

New Home Sales Weakening as Builder Speculation Increases: Home Builders In Trouble?

This morning, the Census Bureau reported New home sales are down again. Diving a bit deeper into the report there is clear evidence of builder speculation just as home sales and prices weaken.

Builder Speculation: Supply of New Homes for Sale Surges to 7.4 Months

As sales dwindle and interest rates rise, the number of unsold homes built on speculation has risen sharply.

December New Home Sales Jump 3.7% From Huge Negative Revisions

New home sales rose a seemingly solid 3.7% to 621K but the reason is suspect: Strong negative revisions in Oct and Nov.

Luxury Homes Sales Decline Most Since 2010 As Supply Soars

Supply of luxury $2.0 million homes is up four consecutive quarters but sales are down 16%, the most since 2010.