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Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P

Zillow: Housing recovery slows to steadier pace Worse yet: The pace of healing is losing steam. The blotch stains the economy by restraining the housing recovery and by. economic headwinds that have slowed the recovery.” While the central bank.

Once again, Meritage delivered solid results, with home closing revenue up 9% in the quarter, roughly on par with its 10% gains so far this year. inventory of new land to develop even as the.

3.3 Million – Number of homes listed in October on a seasonally adjusted annualized basis. The number of listings in October is a two percent drop from September and represents a 8.0 month supply of homes. 45 Months – Amount of time it will take to clear the nation’s shadow inventory according to S&P. It’s an improvement from 3 months ago, when the supply was at 47 months.

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The median sales price in October was $309,700, 3.1% lower than a year earlier. At the current pace of sales, it would take 7.4 months to exhaust available supply.

Worse yet, inventory of homes for sale as well as shadow. 3 percent, requiring more than 10 years to return to their peak, he said. Home Price Pressures We are going to have structurally high.

A month has gone by since the las t earnings report for KB Home (KBH). Shares have added about 5.6% in that time frame, outperforming the S&P 500. interest and inventory-related charges) contracted.

Nearly all were very recently placed on the market — after June 1 of this year. Only 11 of the 1,400 homes listed for at least $300,000 were actually on the market. Same as in Cook County.

 · Annualized, the July sales figures would translate into fewer than 3.9 million homes sold this year – a staggeringly low figure. (The record high occurred in 2005, when more than seven million.

Over the last 7.5 years, the Case-Shiller national home price index has increased 24.9% on a cumulative basis. But I have argued in numerous articles that that figure is grossly overstated. A new RealtyTrac report supports my claim, and shows the actual number is only 16%. Let’s take a good look at.

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Gross margin was down 220 basis points to 31.3%, though that was primarily the result of planned markdowns in order to clear excess inventory. nine smaller home and furniture stores. It said nearly.

The entire conglomerate only generated $3.4 billion in revenue as of the same 2017 year-end and has never generated more than ~$4 billion in revenue in any year. Furthermore, we see that inventory..

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