SFD spec houses crashed the most and the numbers were plummeting well before the recession struck. The chart looks funny because it shows summer and winter starts alternating without smoothing. "Owner built" includes builders under contract to an owner. Although the purple line (Condos for sale) is a small part of the dollar pie, it seems to have been devastated by overbuilding. The blue line (Built to rent) reflects low interest rates but could be going lower until the market for existing defaulted properties clears.
Chart from Calculated Risk.
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