Clearly the biggest housing boom has occurred. Peaks were August 2023 and August 2006.

More new apartments and condos…peak was Nov 2022.

Construction is 1 year ahead of price….both for downturn and upturn.

Downturn was Aug 2006…price peaked 2007. Upturn was Nov 2011 and price bottom was Feb 2012 but end of 2012 was also good.