New home prices falling faster than last Fed rate cycle with fresh memo warning housing weakness is accelerating

New home prices are fairing much worse when measured by Fed rate cycles than they were during the 2004-2009 Fed rate timeline. New Memo in comments. pic.twitter.com/Za3K6Q7dys

— Mr.Awsumb (@MrAwsumb) June 7, 2025

“Housing IS the business cycle”

– Edward E. Leamer pic.twitter.com/ADAw5zYC5S

— Kalani o Māui (@MauiBoyMacro) June 7, 2025