by Calculated Danger on 6/03/2024 08:12:00 AM
Altos reviews that energetic single-family stock was up 1.7% week-over-week. Stock is now up 22.4% from the February backside, and on the highest stage since August 2020.
Click on on graph for bigger picture.
This stock graph is courtesy of Altos Analysis.
As of Might thirty first, stock was at 605 thousand (7-day common), in comparison with 595 thousand the prior week.
Stock remains to be far beneath pre-pandemic ranges.
The second graph exhibits the seasonal sample for energetic single-family stock since 2015.
The crimson line is for 2024. The black line is for 2019. Be aware that stock is up 85% from the report low for a similar week in 2021, however nonetheless effectively beneath regular ranges.
Stock was up 38.4% in comparison with the identical week in 2023 (final week it was up 37.0%), and down 35.7% in comparison with the identical week in 2019 (final week it was down 36.1%).
Again in June 2023, stock was down virtually 54% in comparison with 2019, so the hole to extra regular stock ranges is slowly closing.
