According to The Kobeissi Letter, the average price of a new U.S. single-family home has remained below the price of an existing home for 12 consecutive months, marking the first such stretch in 54 years. Source: The Kobeissi Letter (Nov 27, 2025). For traders, a persistent housing price gap can ease shelter inflation with a lag, and shelter is the largest component in the CPI that the U.S. Bureau of Labor Statistics tracks, shaping rate expectations monitored by the Federal Reserve. Source: U.S. Bureau of Labor Statistics; Federal Reserve FOMC statements. Policy repricing typically transmits through Treasury yields and the U.S. Dollar Index, and crypto assets such as BTC and ETH often see elevated volatility around CPI releases and FOMC decisions. Source: Federal Reserve; ICE Data (U.S. Dollar Index); CME Group.