Well no, the demand is so high that your proposal makes no sense:
1. High demand on labor and materials from builders makes the cost of labor and materials go up
2. If the demand for the actual home reduces, and the cost of labor does not go down because those workers are now offered better prices as a Walmart worker, material costs may go down, but since materials are about 25% of the cost, it will make the price of the house go down very little.
3. The airbnb/landlord/second-and-third homes from Google stock holders demand seems to be insatiable. If that changes, the entire thing may then finally collapse. However that collapse is much more likely than builders being able to supply the housing with labor and material costs so high right now.
1. High demand on labor and materials from builders makes the cost of labor and materials go up
2. If the demand for the actual home reduces, and the cost of labor does not go down because those workers are now offered better prices as a Walmart worker, material costs may go down, but since materials are about 25% of the cost, it will make the price of the house go down very little.
3. The airbnb/landlord/second-and-third homes from Google stock holders demand seems to be insatiable. If that changes, the entire thing may then finally collapse. However that collapse is much more likely than builders being able to supply the housing with labor and material costs so high right now.