so TOL average home selling price is 1mil

idk who makes the lower priced housing, but the luxury end of housing is keeping up in enough markets that builders can maintain their margins

the key is understanding that homebuilder costs went up a bajillion % when they were competing with speculators and flippers. Now their costs are cratering as the price insensitve speculators get fucked, so even if home prices crater, they can still maintain margin