Housingmonthly
Months Supply of Houses
Months of unsold housing inventory, below 4 = seller's market, above 6 = buyer's market.
The Months Supply of Houses is currently 9.7, last updated .
9.7
1W +21.25%1M +21.25%3M +21.25%
Updated 7m agoHousing is the most interest-rate-sensitive sector of the economy and often the first to roll over heading into a downturn. Mortgage rates feed directly into affordability and demand, while building permits signal future supply. Home price indexes like Case-Shiller capture the wealth effect that drives consumer confidence and spending.
No data available
Recent Data
| Date | Value | Change |
|---|---|---|
| Jan 1, 2026 | 9.7 | +21.25% |
| Dec 1, 2025 | 8 | +5.26% |
| Nov 1, 2025 | 7.6 | -15.56% |
| Oct 1, 2025 | 9 | +11.11% |
| Sep 1, 2025 | 8.1 | -3.57% |
| Aug 1, 2025 | 8.4 | -9.68% |
| Jul 1, 2025 | 9.3 | +2.20% |
| Jun 1, 2025 | 9.1 | -5.21% |
| May 1, 2025 | 9.6 | +12.94% |
| Apr 1, 2025 | 8.5 | — |
Related in Housing
Housing Starts
New privately-owned housing units started, leading indicator of construction activity.
Building Permits
New privately-owned building permits, leading indicator of future housing starts.
New Home Sales
Sales of new single-family houses, sensitive to mortgage rates and consumer confidence.
Case-Shiller Home Price Index
S&P CoreLogic Case-Shiller national home price index.
Explore Further
Forecast 2026
Months Supply of Houses Outlook
Scenario-weighted forecast using regime implied approach.
Comparison
Months Supply of Homes vs Housing Starts
Months supply shows how long current inventory would last at current sales pace. When months supply falls while starts r...
Comparison
New Home Sales vs Months Supply
When new home sales rise and months supply falls together, the market is tightening and builders gain pricing power. Whe...
Comparison
New-Home Months Supply vs 30Y Mortgage Rate
When mortgage rates rise, demand falls faster than builders cut starts, pushing months supply higher. When rates fall, d...
Category
All Housing Data
Housing starts, building permits, home prices, and mortgage rates. Track the housing sector that makes up a fifth of U.S...
Frequently Asked Questions
▶What is Months Supply of Houses?
Months of unsold housing inventory, below 4 = seller's market, above 6 = buyer's market.
▶How does Months Supply of Houses relate to housing?
Months Supply of Houses is part of the Housing category. Housing is the most interest-rate-sensitive sector of the economy and often the first to roll over heading into a downturn. Mortgage rates feed directly into affordability and demand, while building permits signal future supply. Home price indexes like Case-Shiller capture the wealth effect that drives consumer confidence and spending.
▶How often is Months Supply of Houses updated?
Months Supply of Houses is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Months Supply of Houses data?
Convex sources Months Supply of Houses data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Months Supply of Houses chart page?
The Months Supply of Houses page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.