Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years

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In short, NCR has halved its unsold housing inventory overhang – from 90 months in Q1 2017 to 45 months in Q1 2019. The current housing inventory level now stands at 6.65 lakh units across the top 7 cities – nowhere near the lowest level of 4.96 lakh units seen in 2013.

Housing Inventory Hits 30-Year Low 2.9K shares;. the unsold inventory as a share of all households is 1.9 percent, affordability will likely become a much bigger challenge in the years ahead until the industry resolves the housing supply challenge.".

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Unsold housing inventory overhang hits new low of 30 months in 2 years Editor | May 29, 2019 @ 01:05 PM Indian homebuyers are gradually returning to the market and taking advantage of favourable property prices and cuts in GST and home loan rates earlier this year.

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Mid-segment Sees Highest Reduction in Unsold Inventory. Overall, unsold stock of mid-segment housing (priced between INR 40 lakh and INR 80 lakh) saw the maximum decline of 14% during this one-year period. As it stands now, unsold stock in this segment across the top 7 cities is nearly 2.25 lakh units, second only to the affordable segment.

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UNSOLD completed homes are becoming a bitter pill of the slowly. Overhang is defined as a property that remains unsold nine months after it was completed.. as he sees progressively lower proportions of higher-end properties in. units last year, and hit 7,525 units (up 34.09%) by June 30 this year.

Indian homebuyers are gradually returning to the market and taking advantage of favourable property prices and cuts in GST and home loan rates this year.

DeKaser and others say an overhang of unsold merchandise. In addition, the housing market, though still weak, could be stabilizing, economists say. In April, new home sales rose 16.2 percent, the.

Application #233604211. City of Long Beach. nsp2 application ii. increased housing demand during the next three years if funding is not. o The City will provide silent second mortgage assistance loans to low- and. Unsold overhang over 12 months. Unsold overhang over next 3. Years. Pre-. the housing stock.