Settlement Risk: Housing May 29 Weekly Update: Inventories up 2.1% on the week

To Estimated risk per 29.05.2023 9:15:00

Altos reports single-family active inventory up 2.1% in a week.


Altos home inventory Click on the graph to enlarge the image.

This inventory chart is courtesy of Altos Research.

As of May 26, inventories were 433k (7-day average) compared to 424k the previous week.

Since the beginning of the year, inventories have decreased by 11.8%. And inventories rose 6.8% from a seasonal low six weeks ago.

The second graph shows the seasonal dynamics of active inventory per household since 2015.

Altos home inventory

The red line refers to 2023. The black line is for 2019. Note that inventories are up from the previous two years (the record low was in 2022) but still well below normal levels.

Inventories were up 21.1% from the same week in 2022 (up 25.4% last week) and down 53.5% from the same week in 2019 (down 20% last week). 53.3%.

It is likely that at the end of June, stocks will be reduced compared to last year.