How many developers are selling, building and closing on 200 to 300 homes per month?
Most across the country would think they have died and gone to heaven if they had the slowest rate in TV.
Maybe the slow down in the rate takes it from explosive to wild?
Reductions (or increases) are significant only when one knows the from which the numbers come/came. There will always be a certain number of new and resale available. The variance can only be plus or minus above that.
The develovers have crews to keep working and price increases to avoid a. In many instances the least cost to the builder could easily be build now and let sit in inventory. Not only least cost but higher profit margins as they will be pricing at current market which will usually be up. And building material costs of last year or even two years ago.
An operation the size of TV has financial options unavailable to smaller entities.
I don't think the TV will stumble in the closing years.
The variance being experienced in measuring terms would be labeled as noise on the curve!
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