The trend since 2019.
The latest available read: Months Supply of New Homes is at 9.6 as of July 2026. Source: FRED · MSACSR.
Why it matters.
More supply gives you negotiating power when shopping for a new home and may ease pressure on prices. For those holding savings, persistent excess inventory signals builders may need to offer incentives rather than further price increases.
Where it fits.
Months Supply of New Homes feeds the Housing view — one of the six areas behind the site's Macro IQ score.