Good God the housing market in the United States is tanking big time. New home prices which make up 15 % of the market have declined 10% in the last year. Some areas particularly the large metro areas are experiencing a 25% drop in the number of sales.Look for a decline in the median national price of used housing which will be the first since the great depression. The States are relying on the consumer to spend up large this Xmas to maintain their GDP.I bet Santa Claus never thought he would be that important.