The start of a long train of woes for housing

This one will be super simple, not much to be stated here.
With big corp and foreign investments going into housing not just in the states but globally, we are seeing some really crazy stuff in housing.

This chart looks at new one family houses sold vs new housing permits and privately owned housing units total. In my honest opinion housing is, like everything, in a bubble and worse off it's reflecting the fomo that was in the markets prior to the downturn. Sadly I dont see an end to this housing insanity, not until a new economy rears it's head. This is only adding to the bond issues.