The trend since 2019.
The current read: Months Supply of New Homes is at 9.3 as of June 2026. Source: FRED/BEA via Indicators IQ.
Why it matters.
Higher inventory gives you more negotiating power as a buyer and may ease price pressures that have made homeownership harder to afford. For mortgage holders and savers, it suggests the housing market is cooling, which influences interest rates and the broader economy.
Where it fits.
Months Supply of New Homes feeds the Housing view — one of the six areas behind the site's Macro IQ score.