New home price crash in 2024 vs 2008:

Since their peak in 2022, new home prices are down ~20% in 16 months.

By comparison, new home prices fell 20% in 43 months in the 2008 crisis, according to Reventure.

This means that new home prices are officially falling faster now than… pic.twitter.com/6MsTDw1i6e

— The Kobeissi Letter (@KobeissiLetter) March 30, 2024