We optimists will take succor wherever we can get it, so I’ll point to this BCA chart today showing that housing inventories — both new and existing — have seemingly turned a (small) corner recently.
Yes, yes, I know. Housing is still going to zero, and this is just properties being taken off the market, poised to come back on, not houses being sold. Thanks, I won’t forget. But in the interim, before housing falls to zero and the Great Depression 2.0 hits and we all go back to hunting and fishing for a living, it’s nice to see housing inventories coming down a little.