Another mixed bag in the housing market for November as existing-home sales and average house prices rose, but inventory remained somewhat mismatched with demand.
While the housing market inched forward in October, it’s still pacing down year-over-year. Inventory is recovering, albeit painfully slowly.
A troubled housing market can usually signal a looming contraction of the home improvement industry. Home Depot’s recent results demonstrate strong resilience to this trend.
ESA@Work | The existing home sales numbers for September aren’t great: pacing is down, interest rates up, inventory up but still lagging, and affordability challenging today’s home shopper.
Existing home sales in the US remained flat in August versus July, and down 1.5% year-over-year. Median prices continued to increase.
Even with tight inventory, the October housing market was strong as EHS rose to a pace not seen since early summer.
Roland Eckstein | Knowing your product or company’s intent percent can pave the way to accelerating growth in opportunity markets.