Today’s podcast goes over a wide variety of topics, the new home sales recession continues, why I am not a fan of housing being more subsidized than it already is and the sad state of affairs of total inventory levels in America.
I talked about the factors on how we can get total inventory levels back to 2019 levels next year on CNBC recently. As someone who is rooting for balance, I make my case on CNBC.
From my perspective, watching the housing discussion over the years, the biggest thing I see missing is that people forget that the total housing inventory was growing from 2001-2005. Then we had the housing bubble crash with forced selling. We never had anything in the data line over the last ten years to show this was the case on the inventory or the credit-forced selling side. This is why I always stress reading is a good thing, not a bad thing. The history of human civilization has not been kind to those who don’t believe in reading or try to prevent dancing.
NAR Total Inventory Data: Last report 1,310,000
We reached 2.5 million, the upper range of the historical content in the last four decades before the housing bubble burst. During this period, credit stress happened in 2005, 2006, 2007, and 2008. Then the Job loss recession occurred in 2008.
I am no longer writing for my blog; all my work can be found at HousingWire; you can use my LoganVIP50 code to join HousingWire Plus. Also, I can’t join Twitter Spaces, a podcast, or an interview unless it goes through Press@HWMedia.com first.
My recent article on the new home sales recession continues .
Recently had a real power lunch talk with Bill Mcbride from Calculated Risk.
“We have always held to the hope, the belief, the conviction that there is a better life, a better world, beyond the horizon.” Franklin D. Roosevelt
Logan Mohtashami is a Lead Analyst for Housing Wire, financial writer, and blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else