On in-flight inventory, for purchasers who have bought units under construction that are occupying in the next four years, the saving is north of $6.5 billion. The savings to the developers for those same units would be another $5 billion or $6 billion. The accelerated liberation of private sector liquidity to be redeployed towards new housing is approximately $30 billion a year, which would add 30,000 to 40,000 units, give or take.
On May 30th, 2024. See this statement in context.