The Monthly Supply of New Houses in the United States is considered by some to be a more reliable leading indicator of the housing market and it is at historica

The Monthly Supply of New Houses in the United States is considered by some to be a more reliable leading indicator of the housing market and it is at historical highs: https://fred.stlouisfed.org/series/MSACSR https://fred.stlouisfed.org/series/MSACSR Days on market is going up dramatically in July where normally it should be going down. The inventory of listed homes is going up as well- overall in all those graphs there is a clear trend in the housing market towards a reversal- saying things are still historically low ignores the trend and ignoring other leading indicator data that is at historical highs.