Unfinished Houses for Sale Pile Up, Total Inventory Highest since 2008, amid Material Shortages & Worst Spike in Construction Costs since 1979 | Wolf Street

Inventory for sale by stage of construction. The number of: Not-started houses for sale jumped to 105,000 (up from 60,000 in August 2019);

Under-construction houses for sale jumped to 237,000 (up from 185,000 in August 2019).

Completed houses for sale, at 36,000, were far below August 2019 (81,000).

Total inventory for sale, from not-started to completed houses, rose to 378,000, the most since October 2008:

There are anecdotal reports coming out of the homebuilder industry of shortages of all kinds: Shortages of windows and doors – the glass shortage is apparently behind the WOLF STREET beer mug shortage – steel beams, insulation, appliances, roofing materials, copper wiring, fasteners, plumbing fixtures…. And prices of materials are responding in the most monstrously overstimulated economy ever, and these costs are getting passed on.

Unfinished Houses for Sale Pile Up, Total Inventory Highest since 2008, amid Material Shortages & Worst Spike in Construction Costs since 1979 | Wolf Street