There's still no steel report, but we do have the latest estimate of home sales. It was down 2.4% in August:
This is within a hair's breadth of the lowest level in the past five years (November 2023) and well on its way to busting the record. But maybe the Fed's latest rate cut, which has already lowered mortgage rates, will turn that around?
I would like a chart like your employment numbers comparing net new housing to population growth.
No, it will not turn things around. Prices are still too high and the buyers are on strike until they come down.