by Calculated Risk on 4/05/2021 10:47:00 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 April 2nd, inventory was at 310 thousand (7 day average), compared to 751 thousand the same week a year ago.  That is a decline of 59%.

A week ago, inventory was at 313 thousand, and was down 58% YoY.  Seasonally, inventory should bottom soon.

Mike Simonsen discusses this data regularly on Youtube.