The following chart shows the 12-month moving total of new one family housing units sold per capita.
Click to enlarge.
Let's zoom in for a closer look.
Click to enlarge.
Due to the exponential trend failure, we can no longer expect a complete housing recovery in 2017. The new estimate is just this side of never.
Source Data:
St. Louis Fed: Custom Chart
Realtor.com Reports Active Inventory UP 25.5% YoY; New Listings up 14.9% YoY
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*What this means:* On a weekly basis, Realtor.com reports the
year-over-year change in active inventory and new listings. On a monthly
basis, they report t...
4 hours ago
4 comments:
But new home prices recovered very nicely, thank you.
Joseph Constable,
Who could have known that re-inflating new home prices would lead to struggling new home sales again?
Sigh.
Tank slapper.
Rob Dawg,
I think they might have dampened the tank a bit on this last pass. Got high median new house price molasses? D'oh!
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