Good find PS. One note. Kirk was not saying that 2mil was a one month supply, meaning that 2 mil units are sold in an average month, rather he was saying that 2 mil represented the number of new completions (newly built houses). However, even that number was vastly overstated. He was corrected by another commenter who noted that the 2mil figure was the annual number of completions.
Anyway, a long way of saying that this is going to be a painful process for many.
