Home sales fell in April to the lowest pace since the pandemic:

Existing home sales declined 2.4% compared with March to a seasonally adjusted annualized rate of 5.61 million units, the group said. Sales were 5.9% lower than in April 2021. That is the slowest rate since June 2020, which was artificially slow since the economy was struggling with sweeping shutdowns due to the coronavirus… Tight supply kept home prices higher, despite rising interest rates. The median price of an existing home sold in April was $391,200, the highest on record and an increase of 14.8% from a year ago.

As inflation increases prices and money devalues, investors will initially look to store their wealth in inflation-proof investments, of which real estate and farmland are two of the best. Initially prices will rise and that will support other sectors like construction.

As time wears on however, and everyone exhausts savings, raises debt-levels, and reaches the point where they have no more to spend, demand will inevitably drop and prices will drop with it. Following that one could expect construction to follow, so this may signal companies like Home Depot and Lowes will be worth selling at some point in the fairly near future.