The inventory of new homes for sale rose slightly, but the months» supply (the time it would take to sell the remaining inventory at current sales pace) dropped to 3.9. (eyeonhousing.org)
The supply of homes at the current sales pace declined to 4.5 months from 4.6 months in April. (bloomberg.com)
It would take just 1.8 months at the current sales pace to exhaust the supply. (nbr.com)