• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Housing Inventory July 11th Update: Up 32% Year-over-year

by
July 11, 2022
in Breaking News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Related Posts

SoftBank’s Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giant

Market veteran is still bullish on tech despite earnings upset, and reveals his other top picks

French bank BNP Paribas reports bumper profit for 2022, boosts stock purchase plan

BP posts record 2022 earnings to join Big Oil profit bonanza

by Calculated Risk on 7/11/2022 10:15:00 AM

Inventory is increasing rapidly. Inventory bottomed seasonally at the beginning of March 2022 and is now up 104% since then. More than double!

Altos reports inventory is up 31.7% year-over-year and is now 12.3% above the peak last year.

Click on graph for larger image.

This inventory graph is courtesy of Altos Research.

As of July 8th, inventory was at 491 thousand (7-day average), compared to 476 thousand the prior week.
Inventory is usually flat – or declines slightly – over the 4th of July weekend. This year inventory was up 3.2% from the previous week. Inventory is increasing much faster than normal for this time of year (both in percentage terms and in total inventory added).
Inventory is still historically low. Compared to the same week in 2021, inventory is up 31.7% from 373 thousand, however compared to the same week in 2020 inventory is down 25.0% from 654 thousand. Compared to 3 years ago, inventory is down 48.9% from 961 thousand.
Here are the inventory milestones I’m watching for with the Altos data:

1. The seasonal bottom (happened on March 4th for Altos) ?

2. Inventory up year-over-year (happened on May 13th for Altos) ?

3. Inventory up compared to two years ago (currently down 25.0% according to Altos)

4. Inventory up compared to 2019 (currently down 48.9%).

Here is a graph of the inventory change vs 2021, 2020 (milestone 3 above) and 2019 (milestone 4).
The blue line is the year-over-year data, the red line is compared to two years ago, and dashed purple is compared to 2019.
Two years ago (in 2020) inventory was declining all year, so the two-year comparison will get easier all year.
Based on the recent increases in inventory, my current estimate is inventory will be up compared to 2020 in late August of this year (in the next couple of months), and back to 2019 levels at the beginning of 2023.
Mike Simonsen discusses this data regularly on Youtube.
Next Post

Twitter shares sink after Elon Musk terminates $44 billion deal

Leave a Reply Cancel reply

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

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

SoftBank’s Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giant

by
February 7, 2023
0

In this article 9984.T-JP Follow your favorite stocksCREATE FREE ACCOUNT SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi...

Read more

SoftBank’s Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giant

Market veteran is still bullish on tech despite earnings upset, and reveals his other top picks

French bank BNP Paribas reports bumper profit for 2022, boosts stock purchase plan

BP posts record 2022 earnings to join Big Oil profit bonanza

Buying Nvidia Stock on the Dips: Here’s the Level to Watch

TopStepTrader Trading Combine: The Steps You Need to Know About

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.