ResiClub's Finished Homes Supply Index

A higher index score indicates a softer nationally aggregated new construction market with greater supply slack, while a lower index score signifies a tighter new construction market with less supply slack.

The index is "New houses for sale by stage of construction, completed" divided by the annual rate of "New Privately-Owned Housing Units Started: Single-Family Units." Both metrics are seasonally adjusted through the April 2025 reading published on May 23, 2025. "Historically soft level" = historical 75th percentile or higher. "Historically normal level" = historical 25th to 75th percentile. "Historically tight level" = historical 25th percentile or lower.
Chart: Lance Lambert Source: ResiClub's analysis of U.S. Census Bureau data Created with Datawrapper