NS Calculated risk of 10/25/2021 10:50:00 AM
Tracking existing home inventory will be very important this year..
This inventory graph is Altos Research..
As of October 22, inventory was 423,000 (7-day average), but the same week last year was 550,000. This is a 23.1% decrease.
Compared to the same week in 2019, inventories are down 54.5% from 929 thousand. Inventories a week ago were 424,000 units, down 23.6% year-on-year.
Seasonally Inventory bottomed out in April (Inventory usually bottoms out in January or February). Inventories were about 38% above record lows in early April.
Currently, inventories may have peaked for the year in early September.. Seven weeks ago, inventories were 437,000 (the peak of the past year), so inventories are now about 3.3% off the annual peak.
Calculated Risk: Home Inventory Updated October 25: Inventory Decreases Slightly Weekly
http://feedproxy.google.com/~r/CalculatedRisk/~3/2SaO9VfsM-s/housing-inventory-oct-25th-update.html Calculated Risk: Home Inventory Updated October 25: Inventory Decreases Slightly Weekly