Monthly Supply of Housing Spike to 9 months
Monthly Supply of housing spiking to 9 months is bad juju! Typically it signals a recession. Key word Typically!
The norm has been about 6 months supply as the chart indicates. While homes are still sold at much higher
rates historically without much of a problem the difference is not at these price levels. Historic highs as seen
here when I posted it back In april of this year.
I first started to warn about housing when New Home prices had collapsed 10% suddenly back on Feb of this year.
It sinced recoverd just as quickly BUT the warning sign still remains valid 5 months later as Mortgage rates and supply
of homes continue to rise.
The norm has been about 6 months supply as the chart indicates. While homes are still sold at much higher
rates historically without much of a problem the difference is not at these price levels. Historic highs as seen
here when I posted it back In april of this year.
I first started to warn about housing when New Home prices had collapsed 10% suddenly back on Feb of this year.
It sinced recoverd just as quickly BUT the warning sign still remains valid 5 months later as Mortgage rates and supply
of homes continue to rise.
Real Macro Economic Investing
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.