Stock elevated 1.8% Week-over-week; Down 5.2% Yr-over-year
by Calculated Danger on 9/25/2023 08:21:00 AM
Altos stories that lively single-family stock was up 1.8% week-over-week.
Click on on graph for bigger picture.
This stock graph is courtesy of Altos Research.
As of September twenty second, stock was at 527 thousand (7-day common), in comparison with 519 thousand the prior week.
Yr-to-date, stock is up 7.6%. And stock is up 30.2% from the seasonal backside 23 weeks in the past.
The second graph reveals the seasonal sample for lively single-family stock since 2015.
The crimson line is for 2023. The black line is for 2019. Be aware that stock is up from the file low for a similar week in 2021, however beneath final yr and nonetheless properly beneath regular ranges.
Stock was down 5.2% in comparison with the identical week in 2022 (final week it was down 6.1%), and down 44.7% in comparison with the identical week in 2019 (final week down 45.6%).
In 2022, stock did not peak till late October, and it seems identical week stock shall be beneath 2022 ranges for the rest of the yr – relying on when stock peaks seasonally this yr!
It appears seemingly that stock shall be near or above 2020 ranges (darkish blue line) by the tip of the yr.
