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Chart of the Day: Permitted House Explosion

Crews Bank & Trust Wealth Management Services Aug 7, 2025
Line graph illustrating the home builder months of supply by stage of construction: Yellow representing Permitted Houses (Not Started); red: Under Construction Houses and blue: Completed Houses.

Contents

Today’s Chart of the Day is from re:venture  and shows the history of home builder months of supply by stage of construction.

Though there are ebbs and flows, in the past the ratio between the stages is relatively stable. However, since 2021, the months' supply of Permitted Houses (Not Started), shown as a yellow line, have exploded upward from three months to a record high of 19 months. 

My colleague Craig DeYoung, Area President for Southwest Florida, observed, “It’s a bit concerning that the building industry is outpacing demand with what is already under construction; however, builders appear to be holding off on starting construction on permitted houses until things settle.”
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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