Bursting the Housing Bubble, Part 43
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- The supply of houses for sale (in terms of months of supply) is at a 10 year high.
- The number of houses under construction is at an all-time high (or at least for the 40 years that this stat has been kept).
- The 3-month moving average of houses sold has declined for year, and the decline is accelerating.
- Meanwhile, condo sales (a leading indicator) dropped 10.6% from December.