Home-Builder Squeeze: 117,000 Finished Homes—and Why They Aren’t Moving in 2025

Spring usually means “sold” signs sprouting like wildflowers, but this year the builder lots look a little… barren. In this episode, we dive into the numbers behind the biggest pile-up of finished—but still unsold—new single-family homes since 2009. You’ll learn:

• Why national builders from D.R. Horton to Lennar are breaking out the supersized incentives—think 5-figure rate buydowns and price trims—to keep the sales wheels turning.
• How inventory slack is piling up fastest in Sun Belt hotspots such as Florida and Texas (and what that means for local pricing power).
• The balancing act between shrinking gross margins and the need to keep permits and housing starts humming.
• What ResiClub’s “Finished Homes Supply Index” is really telling us—and why we’re nowhere near a 2008-style cliff dive (yet).
• Practical takeaways for buyers, sellers, and investors looking to negotiate in this suddenly leverage-friendly market.

Grab your headphones and your favorite real-estate-market beverage—we’re breaking down the data, the builder earnings-call sound bites, and the opportunities hiding in plain sight. By the end, you’ll know exactly where the leverage lies this spring and how to make it work for you.

 

Amit Bhuta

COMPASS

ALL IN Miami Group

Licensed Real Estate Agent

 

(305) 439-3031 Mobile

amit.bhuta@compass.com

ALLinMiami.com