Housing Market Reality Check: New Home Sales Hype & Buffett Indicator Warning

The headlines are screaming “Housing Boom,” but we’re here to ask—boom for who? In episode 302 of The Higher Standard, Chris and Saied cut through the CNBC hype, breaking down why those shiny new home sales numbers don’t tell the whole story. Spoiler: it’s not buyers suddenly feeling rich, it’s builders slashing prices and handing out incentives like Halloween candy. From Lennar’s margins getting crushed, to the wild affordability math that shows just how far we’ve drifted from reality, the housing market isn’t booming—it’s bargaining.

➡️ But housing isn’t the only thing flashing red. Powell’s latest speech, a youth unemployment spike that should terrify policymakers, and the Buffett Indicator screaming “overvalued” louder than ever, all collide in one jam-packed week of economic chaos. Add in a record-breaking concentration of power in the Magnificent 7 stocks, and you’ve got a market that looks more like Vegas than Wall Street. No fluff, no sugarcoating—just the unfiltered breakdown you’ve come to expect from The Higher Standard.

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🔗 Resources:

New home sales soar 20% in August to a three-year high (CNBC)

2024 Fannie Mae home price affordability (Lance Lambert via X)

Lennar’s gross margin on home sales (Lance Lambert via X )

Lennar is showing you what has to happen in the housing market to drive sales (Nick Gerli via X)

The two largest residential real estate brokerage are combining (Lance Lambert via X)

Shocking stat of the day (The Kobeissi Letter via X)

Buffett Indicator (Current Market Valuation)

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