Today’s podcast goes over the most recent existing home sales report, which had the third straight month of inventory declines, but the days on the market are growing, and the monthly supply data. I also talked about the recent housing starts data too.
NAR Total Inventory Data: Currently at 1,220,000. Historical average is between 2-2.5 million
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I wrote about the existing home report recently and talked about how it’s good that the days on the market are growing. This is also something the Federal Reserve wants to see as well.
I also wrote about the recent housing starts data and why we should all be hoping for more completion data over the next 12 months.
“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, a financial writer, and a 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