Housing Supply & The Weakening Consumer

Housing Supply & The Weakening Consumer

The Housing Supply ratio tells a story of a weakening consumer.

Housing Supply: The ratio of new houses for sale to new houses sold is at its highest level (9.3) since May 2010, the latter part of the Great Recession. This despite the fact that mortgage rates have ticked down in recent weeks.

Housing Supply is at a level (9.3), not seen since May 2010. Click HERE for more detail.
30-Year fixed rate mortgage average (U.S.). Click HERE for more detail.