According to @business, Lennar’s forecast for quarterly home orders missed analysts’ estimates as affordability concerns and a wavering job market kept buyer demand subdued. Source: Bloomberg https://www.bloomberg.com/news/articles/2025-09-18/lennar-forecast-disappoints-in-challenging-market-for-builders The report describes a challenging market for builders. Source: Bloomberg https://www.bloomberg.com/news/articles/2025-09-18/lennar-forecast-disappoints-in-challenging-market-for-builders

According to @charliebilello, the five ways to restore US housing affordability are to stop money printing, end Fed interest rate suppression and MBS purchases, wind down Fannie Mae and Freddie Mac, impose a 50 percent sales tax on foreign and corporate buyers, and sell unused government land for new home development, as outlined in his post and video. source: @charliebilello on X and YouTube Historical evidence shows that scaling back Fed large-scale asset purchases lifts term premiums and MBS yields, raising mortgage rates and pressuring home prices and homebuilder and REIT equities. source: Federal Reserve Bank of New York Liberty Street Economics 2011; Federal Reserve Board staff 2018 Reducing or removing GSE guarantees would widen mortgage spreads and increase borrower costs, with implications for MBS ETFs such as MBB and mortgage REITs like NLY and AGNC. source: Congressional Budget Office 2018 GSE options report; Federal Housing Finance Agency 2023 annual data A punitive tax on foreign and institutional buyers would curb investor demand, which has comprised a notable share of transactions in recent years, potentially easing price momentum. source: National Association of Realtors 2023 Profile of International Transactions; Redfin Research 2024 investor homebuying report Increasing buildable land supply tends to moderate prices and rents over time, which feeds into lower CPI shelter inflation that influences Fed policy and Treasury yields. source: Congressional Research Service 2022 Federal Land Ownership overview; Glaeser and Gyourko 2018 housing supply research; U.S. Bureau of Labor Statistics 2024 CPI shelter methodology For crypto positioning, tighter liquidity and higher real yields have coincided with weaker BTC and ETH performance while supporting the dollar and front-end rates, underscoring cross-asset downside risk if these tightening measures were enacted. source: International Monetary Fund 2022 blog on crypto and equities comovement; Bank for International Settlements 2022–2023 analyses on crypto and risk appetite