by Calculated Risk on 2/15/2021 10:51:00 AM

One of the key questions for 2021 is: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2021?

Tracking inventory will be very important this year.

Click on graph for larger image in graph gallery.

This inventory graph is courtesy of Altos Research.

As of February 12th, inventory was at 344 thousand (7 day average), compared to 727 thousand the same week a year ago.  That is a decline of almost 53%.

A week ago, inventory was at 355 thousand, and was down 51% YoY.  Seasonally inventory should bottom by early March.

Mike Simonsen discusses this data regularly on Youtube.