by Calculated Danger on 5/20/2024 08:11:00 AM
Altos studies that energetic single-family stock was up 1.7% week-over-week. Stock is now up 17.0% from the February backside, and above the utmost for stock final yr!
Click on on graph for bigger picture.
This stock graph is courtesy of Altos Analysis.
As of Could seventeenth, stock was at 578 thousand (7-day common), in comparison with 568 thousand the prior week.
Stock remains to be far beneath pre-pandemic ranges.
The second graph exhibits the seasonal sample for energetic single-family stock since 2015.
The crimson line is for 2024. The black line is for 2019. Observe that stock is up 84% from the document low for a similar week in 2021, however nonetheless effectively beneath regular ranges.
Stock was up 36.0% in comparison with the identical week in 2023 (final week it was up 35.0%), and down 36.4% in comparison with the identical week in 2019 (final week it was down 36.6%).
Again in June 2023, stock was down nearly 54% in comparison with 2019, so the hole to extra regular stock ranges is slowly closing.
