For Whom The Bell Tolls.

MarketWatch: Bell 'Toll-ing' for housing market?

This is kind of an obvious observation, but large plots of land are generally only available these days further out from most cities, thus many of these homebuilders are building where length of commute (and thus gasoline prices) becomes a factor. Then add in the size of these new homes; say, I wonder how much it costs to heat or cool that?

So with those thoughts and higher interest rates to boot..