SRET - Bubble Getting Ready To Pop: Unsold New Houses Inventory Spikes With 9 Months' Supply

• Stocks of homebuilders swoon amid worst inflation in construction costs, shortages, and spiking mortgage rates that take buyers out of the market.
• Unsold inventory of new houses spiked in a historic month-to-month leap of 34,000 houses, and by 127,000 houses from April last year, to 444,000 unsold houses, seasonally adjusted, the highest since May 2008.
• Homebuyers struggle with spiking mortgage rates which make the high home prices that much more difficult to deal with.

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