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
Housing April 29th Weekly Update: Inventory up 2.5% Week-over-week, Up
31.8% Year-over-year
-
Altos reports that active single-family inventory was up 2.5%
week-over-week. Inventory bottomed in mid-February this year, as opposed to
mid-April in 2023...
1 hour 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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