US Housing Supply in August Drops Most in 2 Years as Rate Decline Continues

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US Housing Supply in August Drops Most in 2 Years as Rate Decline Continues

Homes for sale sign in Maryland on Nov. 12, 2023. Madalina Vasiliu/The Epoch Times

The housing supply in the United States fell by 1.4 percent in August from the previous month, the biggest seasonally-adjusted dip since June 2023, real estate brokerage Redfin said in a Sept. 22 statement.

In addition, new home listings fell 1.1 percent month-over-month, hitting the lowest level since January last year on a seasonally-adjusted basis, it said.

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