Housing May 6th Weekly Update: Inventory up 0.6% Week-over-week, Up 33.1%
Year-over-year
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Altos reports that active single-family inventory was up 0.6%
week-over-week. Inventory is now up 13.3% from the February bottom.
[image: Altos Home Invent...
2 hours ago
2 comments:
I'm sure there was pent-down demand vs. food in the run up to the bubble pop. Notice that is levels out around 2000. I suggest that high oil prices as an input to food production will keep food inflation competitive with other commodities going forward.
This actually gives me an idea for another post, if I have time to get to it today.
Mr Slippery,
For what it is worth, I expect Great Recession II to put downward pressure on industrial commodities.
I just don't believe in the China story long-term.
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