by Calculated Risk on 8/01/2022 10:14:00 AM
Inventory is still increasing rapidly, but the inventory build has slowed somewhat over the last few weeks. Still, inventory is increasing much faster than normal for this time of year (both in percentage terms and in total inventory added). Here are the same week inventory changes for the last four years:
This inventory graph is courtesy of Altos Research.
1. The seasonal bottom (happened on March 4th for Altos) ?
2. Inventory up year-over-year (happened on May 13th for Altos) ?
3. Inventory up compared to two years ago (currently down 14.0% according to Altos)
4. Inventory up compared to 2019 (currently down 44.6%).