by Calculated Risk on 1/11/2021 12:59:00 PM

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, and I'll be using some weekly sources.

Click on graph for larger image in graph gallery.

This inventory graph is courtesy of Altos Research.

As of January 8th, inventory is at 397 thousand (7 day average), compared to 738 thousand the same week a year ago.  That is a decline of 46%.

Mike Simonsen discusses this data regularly on Youtube.