About one-third of US homes are new construction, with new home prices dropping below existing prices for the first time since 2005. Another crisis created by the Fed.

Meanwhile, PPI for construction materials is up 11% YoY over the last three years, potentially putting more pressure on homebuyers as the demand for new homes continues to increase. https://t.co/rfFs5LNsry

— David Sommers (@dgsommersmkts) August 23, 2023

Mortgage rates reached +14.75% in 1979.

And then this happened 👀 pic.twitter.com/0ykTQHvNrE

— Genevieve Roch-Decter, CFA (@GRDecter) August 23, 2023

Household debt burden has been trending higher since 2021

A rising ratio indicates that household debt is increasing relative to disposable income

If this trend persists, it'll be a major warning signal for the economy pic.twitter.com/esr6OuSzKb

— Game of Trades (@GameofTrades_) August 23, 2023