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 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.