The number of new houses for sale in Southern states has reached a record level, surpassing the August 2006 housing bubble peak by 21,000 units.
The Southern United States now has 312,000 new homes for sale, marking a record high. This figure surpasses the August 2006 peak, just before the housing market crash, by 21,000 units. In 2020, the number of new homes for sale in the region was roughly half the current level, highlighting a sharp increase in housing supply.