Add 'em up: oil glut, China slowdown, wage inertia, interest rate increases, student debt, labor capacity constraints, AD&C lending tightness, wealth destruction, regulatory and legislative paralysis.
Now, breathe. Oops, not to mention natural disasters, drought and flood effects, and human-related event dislocations, such as terrorism, mass murders, etc.
Now, breathe. Really.
People want home. They want community. They want safety. They want connection. They want a dream. Builders, manufacturers, material suppliers, local governments, and Wall Street--at the end of the day--know that.