Many countries are burdened with an excess supply
of unsold housing inventory after years of overbuilding.
Despite the sharp deceleration in investment,
unsold housing inventory continued to balloon, particularly in smaller cities.
A relaxation of this rule could especially benefit housebuilders and residential property funds as it could pave the way for a possibly transfer of
unsold housing stock into investment funds.
Given the large inventory
of unsold housing, strong housing sales momentum for a sustained period was needed before housing construction could recover meaningfully, according to Oxford Economics.
Despite ongoing high levels of home construction activity,
unsold housing inventory as a share of the adult population remains consistent with historical averages (chart 2).
Delays also turn off qualified candidates, who assume that if a slot is open too long it's like
an unsold house that has «issues.»»
As people defaulted, the value of existing prefabricated houses fell, because of the glut of
unsold houses, both new and used.
In his remarks, Paulson noted the «overhang of
unsold houses... poses by far the biggest downside risk» to the U.S. economy.
But in Georgia we still had
an unsold house.
Gains in the multifamily sector have been offset by stiff competition from an unprecedented number of
unsold houses...
Don't wait 2 months to lower the price on
your unsold house.