Inventory Still falling modestly, pendings higher again.
New inventory for July trending behind 2010.
Where is the backlog of homes?
Pending: 12,269 (+ 128 from last week)
Pending Sfam: 10,723 ( +141 from last week)
AWC: 7,863 (+11 from last week)
AWC Sfam: 6,817 ( +1 from last week)
Active: 19,599 (-103 from last week)
Active Sfam: 15,433 ( -137 from last week)
Closed: 1,838 (+310 from last week)
Closed sfam: 1,562 ( +251 from last week)
Closed MTD: 5,202
I will do commentary later...
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