Here's what has happened.
Many individuals are still waiting to buy homes due to the housing market being in the worst spot in years. This has hurt many individuals who have bought homes or are constructing one.
This new housing market is on the edge of sinking into the abyss. Many individuals are losing money because of the state of the economy. This can hurt many individuals who are looking for homes.
Economists suggest that this will remain for a while before dropping.