Another trend evidencing the End of the Great American Suburban Experiment.
Now, we certainly suspect that some may simply call this one phase of a cyclical event. Even call Daily Sprawl an alarmist. Yet, a cycle--by its very nature--operates in a circular pattern. And, quite frankly, there is very little evidence suggesting that these housing events are merely a correction or phase.
In fact, geopolitical and geological events suggest the exact opposite. Indeed, as we have discussed before, the inherent "Oil Cost" of home construction is the ultimate driving factor here.
And, $88 is not an end number by any means.