Inventory of New Houses for Sale Reach 500,000, Most since 2007, Driven by the South & West. Prices Zigzag Lower, Sales Rise

As homebuilders got aggressive with mortgage-rate buydowns, incentives, and lower prices, sales held up, unlike sales of existing homes, which collapsed. By Wolf Richter for WOLF STREET. With inventories of new single-family homes for sale very high – more on those in a moment – the big…