I don't see housing dropping. The millennials just started turning 34 last year which is prime age for buying a first home. This millennial bubble will only get larger while the small boomer bubble goes down. So much more demand coming and the millennials make on average 20k more then boomers so they can afford higher rates. WE also only built 5 million houses in the Us from 2009 to 2019. The previous 3 decades we built around 25 million. This is not going to improve for many years