ESA on EHS | The US housing market was down in January, as measured by existing home sales, but inventory is finally replenishing.

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If rates stabilize or drop and housing inventory continues to reload after a sluggish 2023, we could see housing rebound in parts of the US.

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US Existing Home Sales (EHS) were off 7.3% year-over-year in November, while posting a slight lift over the prior month.

Retailers across the board are encountering massive overages in inventory carrying this year, up more than 40% vs 2021 in many cases.