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Housing Inventory June 28th Update: Inventory Increased Week-over-week

Tracking existing home inventory will be very important this year.

Lumcber PricesClick on graph for larger image in graph gallery.

This inventory graph is courtesy of Altos Research.

As of June 25th, inventory was at 359 thousand (7 day average), compared to 677 thousand the same week a year ago.  That is a decline of 46.9%.
A week ago, inventory was at 353 thousand, and was down 48.8% YoY.  
Seasonally, inventory has bottomed.   Inventory was about 17.3% above the low in early April.

Mike Simonsen discusses this data regularly on Youtube.  Altos Research has also seen a significant pickup in price decreases, although still well below a normal rate for June.

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