Exact(1)
4.4 months: Inventory of listings in October.
Similar(57)
In fact, as of Oct. 1, there was a 15-month inventory of unsold condominiums, just as there was for single-family houses, according to an analysis of sales statistics done by the Otteau Valuation Group of New Brunswick.
(It's worth noting that values of mansions in Kenwood may have further to fall. There are seven on the market now, and buyers have only been soaking up one per month. The seven-month inventory qualifies as something of a glut. Even the Obamas' neighbors at 5040 S. Greenwood had to settle for an offer 20% below their original asking price).
Ford and G.M. have extended the annual two-week summer shutdown at many of their truck plants to as long as three months because inventories of those vehicles were so large.
Some towns still on rail lines but farther out have slightly higher levels, and those off the rail lines altogether, including Caldwell, Belleville and Harding, more consistently show 6 to 12 months of inventory, an indicator of a downward market.
"An eight-month inventory seems like an outrageous level of inventory and a sure recipe for disaster," he says.
"Right now I've got a maximum of two months of inventory already made," says King, who is presently reading Food Truck for Dummies to get more insight into the startup costs associated with such an endeavor.
But much of that amount would have been lost even without the American Axle walkout, because G.M. still has more than four months' worth of inventory of the vehicles produced in the factories that had to be shut down.
When there was an unexpected dip in PC demand in late 1997, Dell was flexible enough to cut production, but Compaq, with months of inventory, was hit hard.Short of abandoning the desktop PC market, the only alternative seemed to be to expand beyond the low-margin PC-making business, into services and equipment for corporate customers.
The Commerce Department said the supply of new homes rose in January to 9.1 months of inventory, up sharply from a recent low of 6.7 months in October.
The decline, however, merits only "a small round of applause" because about five months of inventory is a more typical level, wrote a Global Insight economist, Patrick Newport.
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