Housing market is completely fucked, and I say this as someone who did a lot of work for decades at a medium sized housing contractor. There was a ton of demand and the cost of building homes went through the roof (pun intended). So they built with the cost of supplies and materials being so high because the cost of homes was so crazy. But the demand is about to drop, hard. But these builders are sitting on spec homes and finishing up homes they built with expensive materials. They were looking at it thinking, "well it's going to cost another $50k to build this home because prices on materials are so high, but prices are so crazy for homes right now we'll still make money!" But if prices collapse, all these homes built with expensive lumber and other materials is going to be stuck on the market, overpriced because builders don't want to sell at a loss. Some builders will sell at a loss just to get rid of the property. But the problem is that this is gonna decimate small and medium size builders who developed new properties and spec homes when prices of materials were so high. The larger builder can deal with it. It's gonna be a bloodbath, and construction usually is the harbinger of what's going to happen with the economy. Homes, industrial, and commercial properties are expensive and people only invest in them when things are good (unless they're going in for investments.