Friday , February 26 2021
Home / Calculated Risk / Housing Inventory Feb 22nd Update: At Record Lows

Housing Inventory Feb 22nd Update: At Record Lows

Summary:
One of the key questions for 2021 is: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2021?Tracking inventory will be very important this year.Click on graph for larger image in graph gallery.This inventory graph is courtesy of Altos Research.As of February 19th, inventory was at 337 thousand (7 day average), compared to 723 thousand the same week a year ago.  That is a decline of over 53%.A week ago, inventory was at 344 thousand, and was down 53% YoY.  Seasonally inventory should bottom by early March.Mike Simonsen discusses this data regularly on Youtube.

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes Three Things About Today’s UST Sell-off, Beginning With Fedwire

Orange Wang writes China sets 15-year transport expansion plan as it seeks to double size of economy by 2035

Jeffrey P. Snider writes Eurodollar University’s Making Sense; Episode 49; Part 3: Consuming Consumer Data

Amanda Lee writes US-China relations: companies in south China have no appetite for decoupling, but expect tensions to grow, says AmCham

One of the key questions for 2021 is: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2021?

Tracking inventory will be very important this year.

Housing Inventory Feb 22nd Update: At Record LowsClick on graph for larger image in graph gallery.

This inventory graph is courtesy of Altos Research.

As of February 19th, inventory was at 337 thousand (7 day average), compared to 723 thousand the same week a year ago.  That is a decline of over 53%.

A week ago, inventory was at 344 thousand, and was down 53% YoY.  Seasonally inventory should bottom by early March.

Mike Simonsen discusses this data regularly on Youtube.

Leave a Reply

Your email address will not be published. Required fields are marked *