Housing market collapses after tax credit expires

Given the size of the US population now (307 million) vs the population in 1963 (189 million),  these numbers are even more staggering. 

Sales of US new Homes sales plunge to lowest level on record--Bloomberg

"Purchases of U.S. new homes fell in May to the lowest level on record after a tax credit expired, showing the market remains dependent on government support.

Sales collapsed an