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Wow: I don't see how housing prices remain elevated indefinitely. Sooner or later the dam is going to burst. If the Fed prints more money to buy Treasuries and artificially lowers interest rates it will put inflation into overdrive. The cost of home ownership are rising much faster than wage growth. Inflation is going to uptick again as oil prices rise. The drop we saw was only temporary, largely due to Biden selling off a large percentage of the Strategic Petroleum Reserve. If I were a builder/developer I know that I would not be building any "spec" homes. I wouldn't put a shovel in the ground without a signed contract backed up by a solid financing commitment.