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New home inventory has reached a 16-year high, with builders and developers holding the highest inventory levels since 2009. Research firm ResiClub reports that unsold but completed new houses doubled over the last decade, reaching 124,000 in August 2025. This current inventory level is the most since July 2009, when the total was 126,000. The increased slack in the new construction market now gives buyers and investors leverage to negotiate better deals with homebuilders.
Home Builders And Real Estate Brokers Panic As New Home Inventory Hits A 16-Year High
New home inventory appears to be following the same trend as existing home sales. New homes are taking longer to sell. Right now builders and developers are sitting on the highest inventory levels since 2009.
The housing industry has been focused on the new home inventory that sits unsold. However, the number of unsold but completed new houses has largely been ignored. Rresearch firm, ResiClub says that figure has doubled over the last decade and now sits at a 16-year high.
In August 2016, unsold inventory of newly constructed houses was a manageable 61,000. Fast forward to August 2025 and it sits at 124,000 and skyrocketing.
That’s the most since July 2009, when the total was 126,000.
ResiClub says:
Lennar Offers Specials To Investors As New Home Inventory Slides
The total has grown so much that at least one home builder has added a tab on its website. The tab is to help investors find more than 2,000 of its rental ready, “investment friendly” homes.
Lennar says the majority of their unsold new homes are properties are in 90-plus locations nationwide. They include a “diverse portfolio” of houses. They are attractive, the builder says, to seasoned investors as well as those new to the real estate market.
Lennar also promises investors “end-to-end purchasing support.”
This includeds pre-negotiated financing and property management. In addition Lennar is offering insurance and title services through its affiliates.
At the same time, ResiClub is also helping its members find investment properties in the Sun Belt. They advise members on how to get the best deals from builders who are willing to negotiate to move product.
