homes for sale vs labor participation rate

At FRED:

The second item, yeah. But the first item, existing home sales series, that reminds me of the Mosler graph in my Chop Shops post. Warren Mosler was looking at "inventory of existing homes for sale vs the labor force participation rate".

At FRED, just one of the groupings contains the word "inventory". There are two series in that grouping, one annual and one monthly. Both go back only to 1999.

Graph #1: Inventory of Existing Homes for Sale

To that graph I added FRED's Labor Force Participation Rate, full period...

Graph #2: Labor Force Participation Rate (green) added to Graph #1

... and since 1999...

Graph #3: Like Graph #2, but only since 1999

... and since 2005, as Mosler shows it:

Graph #4: Like Graph #3, but only since 2005

Here, let me tidy up and remove the blue line:

Graph #5: Like Graph #4, but Without the Annual Housing Number

Here's what Warren Mosler shows:

Graph #6: Warren Mosler's homes for sale vs labor participation rate

I think we have a match.