65% of new builder homes for sale are in the South, highlighting a housing bubble, especially in Texas/Florida.
1) Meanwhile – builder inventory in Northeast/Midwest is lagging far behind the previous mid-2000s peak. Here's the comparison between regions in homes for sale v 2006. South: +1% higher than 2006 bubbleWest: -18% lowerMidwest: -62% lowerNortheast: -51% lower — Nick Gerli (@nickgerli1) July 25, 2024 3) I get asked a lot by reporters if this …