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Months' Supply of Homes
Months it would take to sell the for-sale new-home inventory.
9.3
Months · latest, Jun 2026
vs prior month▼ 1.1%
vs year ago▲ 3.3%
| Year | Months' Supply of Homes |
|---|---|
| 1963 | 6.1 |
| 1964 | 5.5 |
| 1965 | 4.4 |
| 1966 | 6.3 |
| 1967 | 4.7 |
| 1968 | 5.2 |
| 1969 | 6.1 |
| 1970 | 4.7 |
| 1971 | 5.1 |
| 1972 | 6.5 |
| 1973 | 10.1 |
| 1974 | 10.3 |
| 1975 | 5.8 |
| 1976 | 5.6 |
| 1977 | 6.0 |
| 1978 | 6.1 |
| 1979 | 8.6 |
| 1980 | 7.6 |
| 1981 | 7.1 |
| 1982 | 5.8 |
| 1983 | 4.7 |
| 1984 | 7.3 |
| 1985 | 5.8 |
| 1986 | 5.5 |
| 1987 | 7.6 |
| 1988 | 6.8 |
| 1989 | 7.0 |
| 1990 | 8.5 |
| 1991 | 6.2 |
| 1992 | 5.0 |
| 1993 | 4.5 |
| 1994 | 6.6 |
| 1995 | 6.4 |
| 1996 | 5.0 |
| 1997 | 4.4 |
| 1998 | 3.8 |
| 1999 | 4.3 |
| 2000 | 3.6 |
| 2001 | 3.8 |
| 2002 | 4.0 |
| 2003 | 4.0 |
| 2004 | 4.1 |
| 2005 | 4.9 |
| 2006 | 6.5 |
| 2007 | 9.6 |
| 2008 | 11.2 |
| 2009 | 8.0 |
| 2010 | 7.0 |
| 2011 | 5.3 |
| 2012 | 4.5 |
| 2013 | 5.2 |
| 2014 | 5.1 |
| 2015 | 5.1 |
| 2016 | 5.4 |
| 2017 | 5.6 |
| 2018 | 7.6 |
| 2019 | 5.5 |
| 2020 | 4.1 |
| 2021 | 5.7 |
| 2022 | 8.8 |
| 2023 | 8.6 |
| 2024 | 8.4 |
| 2025 | 7.9 |
| 2026 | 9.3 |
Hover the line to read any month. Drag across the chart to zoom; double-click to reset.
Source: FRED · MSACSR · series · Jan 1963 to Jun 2026 · latest-revised
Refreshed Jul 31, 2026 from FRED.
Months it would take to sell the for-sale new-home inventory.
Months it would take to sell the current for-sale inventory of new houses at the current sales pace.
Source: FRED · Jun 2026 · Full lesson → Learn
About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event up with a move is not evidence it caused the move.