This is from Tom McClellan (yes that one). He does a lot of work on offsetting two markets to see relationships, sort of like overlaying the birth rate with recession offset by 9-months. If you can't go out to a fancy restaurant, well, you know.
According to this chart, housing stocks should peak in the middle of next year. Of course, nowhere near where it was a few years ago. Believe it or not.
1 comment:
Unless all that lumber is heading to China
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