by Calculated Risk on 3/22/2021 01:31:00 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.

Click on graph for larger image in graph gallery.

This inventory graph is courtesy of Altos Research.

As of March 19th, inventory was at 316 thousand (7 day average), compared to 738 thousand the same week a year ago.  That is a decline of 57%.

A week ago, inventory was at 317 thousand, and was down 57% YoY.  Seasonally, inventory should bottom soon.

Mike Simonsen discusses this data regularly on Youtube.