Homebuilder lot supply jumps so fast that 2 housing markets are now ‘significantly oversupplied’

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During the pandemic housing boom, we saw red-hot housing demand quickly absorb much of the available slack in the housing market. Back in 2021, active housing inventory for sale, unsold completed new builds, and available lot supply all plunged to historic lows.

But ever since the pandemic housing boom fizzled out in mid-2022, housing slack has been building back...