Toward Balance

Our market is moving toward a balanced market, but it is still unbalanced.

By definition, a balanced market has between 4 and 6 months of inventory for sale.

Today there is essentially two months.  One year ago, there was only 3 weeks of inventory.

It has actually been 16 years since the market has been in balance.

So, while we still have a ways to go before it is balanced, it is moving that way.