Source: Calculated Risk —
Inventory is increasing rapidly. Inventory bottomed seasonally at the beginning of March 2022 and is now up 110% since then. More than double!
Altos reports inventory is up 30.3% year-over-year and is now 16.3% above the peak last year.
As of July 15th, inventory was at 509 thousand (7-day average), compared to 490 thousand the prior week.
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