Today, we are sharing a MarketGraphics® New Homes Research chart that rates the inventory levels by submarket location and by price.
The good news is the St. Louis market is getting GREENER. This "green" doesn't mean eco-friendly. The green fields on the chart indicate a healthy supply level, where there is opportunity for more homes. The red fields on the chart indicate an oversupply (or under-demand), where there is still lots of new home inventory that the St. Louis market still needs to work through.
Want to see what's ahead for homebuilding? Please attend an upcoming MarketGraphics® presentation. In this presentation, we will be using this chart and projecting into the next two to three years, as an indicator of areas and price points that are growing in demand. Visit our website to find out more.