Dollar Value Inventory of Unsold Homes

Friday, December 28, 2007 | 08:21 AM

Since we have New Home Sales at 10:00am this morning, let's take a look at U.S. House Inventory, Priced in Dollars:

>

Total Inventory Value, New + Existing Homes  (in $ billions)
Inventory_of_unsol_homes

Chart courtesy of Macromavens via The Gartman Letter

>

Note the series of higher highs and higher lows.

That's a pretty astonishing increase in total inventory value. I'm not sure if its based on the listed price or comparables, but either way, t implies that prices will be coming further down in U.S. Real Estate.

Friday, December 28, 2007 | 08:21 AM | Permalink | Comments (23) | TrackBack (0)
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Comments

Coming down quickly, dramatically or range bound for twenty years.

Posted by: Tom C | Dec 28, 2007 8:38:08 AM

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