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

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Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years Unsold Inventory Hits Two-year Low in Q4 2018 – ANAROCK. Significant drop from 47 months of inventory overhang in Q4 2017; NCR still.

Indian homebuyers are gradually returning to the market and taking advantage of favourable property prices and cuts in GST and home loan rates this year.

Housing Inventory Hits 30-Year Low . Housing Inventory Hits 30-Year Low. By Eric Auger.. the unsold inventory as a share of all households is 1.9 percent, affordability will likely become a much bigger challenge in the years ahead until the industry resolves the housing supply challenge

Mortgage delinquencies began to rise in mid-2005 after several years at remarkably low levels. to the inventory of vacant unsold homes–already at more than 2 million units at the end of.

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Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years With housing inventory remaining at stubbornly low levels, the statewide unsold inventory index dropped from 3.4 months in October 2016 to 3.0 months in October 2017. The index measures the number of months needed to sell the supply of homes on the market at the current sales rate.

MMR cleared a mere 4% of its unsold inventory in the same period. In short, NCR has halved its unsold housing inventory overhang – from 90 months in Q1 2017 to 45 months in Q1 2019. The current housing inventory level now stands at 6.65 lakh units across the top 7 cities – nowhere near the lowest level of 4.96 lakh units seen in 2013.

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Ms. Low, Open Market Secretariat Specialist, Division of Monetary Affairs, Despite the cutbacks in production, inventory overhangs appeared to. in the first two months of this year after having fallen sharply over the second half of last year.. Although the stock of unsold new single-family homes fell in.

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