MSACSR · as of 2026-09-01
Months Supply (New)
Monthly Supply of New Houses in the United States
View on FRED · MSACSR ↗8.40
1w
—
1m
▼ 0.1
yoy
▲ 2.44%
121 obs · monthly · ratio── 1y ago 8.20
What it is
Ratio of new inventory to sales pace. >6 = buyer's market; <4 = seller's.
- source
- FRED
- frequency
- monthly
- units
- ratio
- s.a.
- yes
What it’s telling us · as of 2026-09-01
New-home supply sits at 8.4 months—solidly into buyer's territory and up 2.4% from a year ago, though the month-to-month move is noise (down 0.1 from August). The six-month average runs about 8.9 months, so we're tracking steady rather than accelerating looseness. For investors eyeing new construction or land deals, this supply cushion means builder concessions stay in play and lot absorption slows—pricing power is with the buyer, not the trade, which compresses margin math on new-build flips or spec rehabs tied to new comps.
⟡ auto-generated weekly · claude-haiku-4-5 · reviewed before publish
Related metrics
Get the data
Python · fredapi
"""
Months Supply (New) — Ratio of new inventory to sales pace. >6 = buyer's market; <4 = seller's.
Freq: monthly · Source: FRED
"""
from fredapi import Fred
fred = Fred(api_key="YOUR_FRED_API_KEY")
series = fred.get_series("MSACSR")
print(series.tail())LLM prompt
You are analyzing FRED series MSACSR — Monthly Supply of New Houses in the United States. Context: Ratio of new inventory to sales pace. >6 = buyer's market; <4 = seller's. Attributes - Units: ratio - Frequency: monthly - Source: FRED Latest observation: 8.40 as of 2026-09-01 Year-over-year change: +2.44% Analyze this metric for a tech-forward real estate investor with 1–3 properties. What is it signaling right now? What should I watch next?