The U.S. housing market is experiencing a notable increase in inventory, with 502,000 new homes for sale, marking the highest level since November 2007. The national housing inventory has returned to pre-pandemic levels, with a 9.8-month supply of new single-family homes available, comparable to figures seen in February 2008. Additionally, the number of homes under construction is at a historic high. In the Houston area, single-family listings have reached their highest point since 2007. Amid this backdrop, PulteGroup, a major homebuilder, has expressed concerns regarding a Federal Reserve building renovation. Critics argue that Pulte's focus on this renovation, which represents only 0.032% of Fannie Mae and Freddie Mac's combined $7.8 trillion in assets, overlooks broader issues such as widespread mortgage fraud potentially involving hundreds of billions of dollars. The debate highlights tensions between concerns over interest rates and the broader challenges facing the housing market and financial institutions.