To the extent that the architectural or engineering services are connected to home construction, they could slow down more in the future. |
What I don't see is a collapse in pricing. To get a collapse ... there would have to be a big job loss where people are forced to put their houses on the market for distress sales. |
With less appreciation, consumers will be less able to tap into home equity loans to finance their purchases, which could put a damper on the national economy. |