by Calculated Risk on 9/19/2022 07:30:00 AM
Note: this is a travel day, and posts will be brief.
As of September 16th, inventory was at 552 thousand (7-day average), compared to 547 thousand the prior week. Inventory was up 0.9% from the previous week. Inventory is down slightly from the 2022 peak of 555 thousand three weeks ago.
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 3.7% according to Altos)
4. Inventory up compared to 2019 (currently down 42.7%).