Median price for new single family homes fell to $387,400 in April, dropping 6.2% y/y to its lowest level since July 2021. Rents have been rolling over for years too.
Buyers finally get a breather as the everything bubble in housing starts to leak air. Meanwhile, the home price-to-income ratio is still very, very high. pic.twitter.com/kafzqXrATR — 𝙨𝙤𝙧𝙩𝙤𝙫𝙖𝙠 (@sortovak) May 6, 2026 The Fed/BLS have a CPI Shelter measurement problem. …