U.S. Land and Lot Supply Healthiest Seen In Years

U.S. Land and Lot Supply Healthiest Seen In Years

The New Home Lot Supply Index (LSI – single-family vacant developed lots reflecting rate absorption via housing starts) for 4Q24 loosened quarter-over-quarter for the second quarter, while lot supply tightened year-over-year. "Land and lot supply is at the healthiest levels we've seen in years," said Ali Wolf, chief economist with Zonda. "Between 2021 and 2022, builders expressed concerns