I wonder whether the banks’ SEC filings have that sort of data in them.
The original Bloomberg article citing ~17M houses vacant – well, I doubt there are all that many non bank owned vacant houses. Completed builder inventory is another possible contributing category.
Anecdotal reports that Indymac cannot hold inventory are meaningless. Judging by offered CD rates, Indymac is more desperate for cash than most. We should be grateful, though; banks like Indymac will help the market move to reality that much faster.
