 Welcome back. Thanks for joining us on Financial Focus Radio. There are now 481,000 new homes for sale in the United States. That's the highest inventory since January of 2008. The supply of new homes in the U.S. moved up to 9.3 months in May. That's the highest since October of 2022. In the past 50 years, when the supply was this high, the U.S. economy was facing job losses and recession.