[gautamdivgi]

I think that’s the downside of raising interest rates. Obviously I’m no economist, but if rates are high and I’ve already got a home I will not move. If people don’t move inventory is low and needs to be built. High interest rates probably put a crimp on new buildout. Just my thoughts.

[sangnoir]

Homeowners sometimes die, get divorced or have to move to a different area. Number of sales will go down, but not to zero. The prices of those sold due to exigencies will drop because of inflation.