First, units under construction in decline…

Second, employee growth the lowest since covid and 2019…
the last year…

the last 10 years…

Homebulding stock in bear market for 3 months now…NOW down YoY -2%

AND apartments/condos down even more…

First, units under construction in decline…

Second, employee growth the lowest since covid and 2019…
the last year…

the last 10 years…

Homebulding stock in bear market for 3 months now…NOW down YoY -2%

AND apartments/condos down even more…
