Been thinking about this and after some googling didn’t find any direct answers. Since I don’t want to conduct an in-depth lot review I wanted to see if anyone here had direct knowledge of this or had read any articles on it in the past? When construction of office space and commercial space declines does residential pick up? Obviously these all co vary with interest rates and labor costs, and generally different firms will do different construction. I imagine there is some substitution between office space and for example larger apartment buildings since they are large projects in similar city regions using similar materials - but what about single family home residential? Right now we are seeing a lot of vacant office space but high home prices, do we anticipate capital and labor transferring to firms that carry out home construction or that firms will switch their construction pipelines?