by Calculated Risk on 3/01/2021 09:47:00 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 26th, inventory was at 325 thousand (7 day average), compared to 724 thousand the same week a year ago.  That is a decline of 55%.

A week ago, inventory was at 337 thousand, and was down 53% YoY.  Seasonally inventory should bottom in early March.

Mike Simonsen discusses this data regularly on Youtube.