"Inventory is definitely up across all the markets, both existing home inventory is slowly coming back and then new home construction is definitely up as well-but that's really intentional by all of us homebuilders." Meritage Homes CEO, Phillippe Lord, emphasized that the increase in inventory is a strategic response by builders to meet demand as they expect a strong 2025 market.
Housing analyst Kevin Erdmann argues that this rise in unsold inventory indicates more than market normalization, suggesting that builders need to adjust their strategies to tackle the surplus.
As the unsold completed new home inventory continues to grow, industry experts are closely watching the potential need for further adjustments, potentially including price cuts or increased buyer incentives.
The significant level of unsold inventory is being scrutinized, raising questions about whether builders are adapting effectively to market realities or overlooking fluctuations in demand.
#housing-market #new-home-inventory #construction-trends #market-analysis #affordable-housing-strategies
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