The inventory of new houses in Israel fell to 9,370 in August 2010, the lowest for many years.

Israelis snapped up new homes during August.
Demand for new homes jumped 13% in August 2010 compared with the previous month of July , while sales of new homes soared 38% to the record levels that were last seen in May, the Central Bureau of Statistics reported .
The inventory of new homes at the present rate will only last for 7 months.The lowest the country has seen for many years.