Months of Supply of Existing Housing on the Market

On October 25, 2010, Calculated Risk (Bill McBride) posted the updated numbers from the National Association of Realtors concerning the nationwide months of supply of existing homes on the market.  As illustrated in the chart below,  supply decreased to 10.7 months in September from 12.0 months in August. The existing housing inventory number remains extremely high.  As McBride points out, suggests prices, as measured by the repeat sales indexes such as Case-Shiller,  may show further declines in coming months.

H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
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Per Capita Housing Production in USA at Lowest Rate Since World War II