Interesting. Thanks for sharing. The increase in home loan interest rates has to be a key factor in housing sales both new and otherwise. Heard some crazy numbers on the increase in cost of buying a home from just a year ago. I can't recall the numbers but it was pretty shocking. The even more shocking thing was that if new housing starts did increase the supply chain could not keep up and prices would go even higher. Pretty complex stuff.

kepford

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US Real Income In Further Decline

TomK

Transaction volume in housing has slowed greatly. Two years ago, sellers were accepting offers within a week of listing. Now, those same houses are sitting on the market for months. That means the real price of housing has fallen, but sellers haven't been willing to take the lower price yet.

I've also heard one of the factors offsetting rising unemployment numbers is an increase in the the number of second jobs many people have taken. They count jobs not employed persons.