04/02/2025
U.S. homebuilders have completed plenty of houses that still have no buyers, according to data from the U.S. Census Bureau. As of February 2025, there were 119,000 newly finished but unsold homes across the country, up from 88,000 a year earlier and the highest level since 2009, when the market was reeling from the great housing crash of 2008. High mortgage rates and higher home prices are currently holding buyers back from closing on today's empty inventory.