$SPDR S&P 500 ETF (SPY.US)$$Invesco QQQ Trust (QQQ.US)$$Dow ...

$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ Building permits have been declining and are a key indicator of the housing market.

Most builders and GC's (like myself) have knocked off 30 - 40k in just the last month. There will likely be more price drops if/when lumber prices continue to come down, and as builders start to put the squeeze on subs who've been raking it in the past several years. As new construction prices continue to drop -- existing home prices follow suit because noone is going to be willing to pay an arm & leg for an existing home if they can buy a brand new one with similar square footage for the same price.

Just food for thought with the current market environment(s) -- Good luck with your trades 🚫🦊