Tuesday, December 23, 2014

When Can We Expect a Complete Housing Recovery?

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
at

4 comments:

  1. AnonymousDecember 24, 2014 at 8:38 AM

    But new home prices recovered very nicely, thank you.

    ReplyDelete
  2. Stagflationary MarkDecember 24, 2014 at 12:02 PM

    Joseph Constable,

    Who could have known that re-inflating new home prices would lead to struggling new home sales again?

    Sigh.

    ReplyDelete
  3. Rob DawgDecember 24, 2014 at 7:01 PM

    Tank slapper.

    ReplyDelete
  4. Stagflationary MarkDecember 24, 2014 at 8:39 PM

    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!

    ReplyDelete