AI Data Insight
In Q2 2026 (as of May), the non-seasonally adjusted inventory of new homes for sale in the US decreased slightly to 491,000 units, a marginal pullback from the previous figure of 494,000 units. However, impacted by high mortgage rates and inflation, May new home sales fell significantly short of expectations, driving the inventory months of supply up to 10.3 months. In the short term, builders may face tremendous pressure for price cuts and inventory digestion.