Zonda’s New Home Lot Supply Index (LSI) for the last quarter of 2022 shows lot supply loosened year over year across the U.S.
The residential real estate indicator, which is based on the number of single-family vacant developed lots and the rate at which those lots are absorbed, came in at 49.1 for Q4 2022, representing a 27.5% increase from Q4 2021. The LSI is now back to late 2020/early 2021 levels, according to Zonda.