The Week Ahead: Inventory Woes Over? New and Existing Home Sales Reports

June 18, 2017 Brianna Gilpin

Inventory was on everyone’s mind last week, and in the week ahead the New Home Sales Report and Existing Home Sales Report for May will be released Friday and Wednesday, respectively. With home buying putting undue stress on first time homebuyers, and a severe lack of inventory due to an unwillingness to sell and fewer new houses being built, it is becoming increasingly difficult for those that desire to purchase. The previous New Home Sales report was at nearly half a million—569,000—while existing homes counted 5.57 million sales, not enough to provide a relief for the growing market.

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