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US housing bubble burst (June, 28-th 2021)

US housing bubble

US housing prices reached its all-time high


source: tradingeconomics.com

 

as you can see on this graph after reaching 1M new home monthly sales it went down.


source: tradingeconomics.com

 

US NAHB is steady now.


source: tradingeconomics.com

 

Existing home sales went down.  Housing starts is less than both peaks in 2020 and early 2021.


source: tradingeconomics.com

 

US Pending home sale reached it TOP PEAK.


source: tradingeconomics.com

 

I would expect a big housing market crash in the next 12-24 months.

Endurance lasers sold its office in Mid June 2021.

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