While there is a shortage of housing, the cost to build is greater than what the market can support in the way of price. This is transitory as the foreclosures and forbearances will start to show up soon.
Your skilled labor is $200/hr, until you meat that price, you get the middle finger!
I don't know if you are aware of the Chinese market imploding or not, that will start to show up soon. Quicker once sanctions are imposed on China for helping Russia. ~2 weeks.
Just know that it's way worse than 2008.
Watch the repo market as the banks hide from counter party risk.
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