In the era follows the crisis in ukraine. Lets begin with Michael Mckee and more on the unexpected slump in the u. S. Home sales. What is the take away from this latest report . Concern about whats going on with housing in the United States. This was supposed to be the prime spring selling season and we were going to see housing take off after 70 years of being in the bowl. It lands with a thud. Sales plunging in the month of march. To the lowest level in more than eight months. This follows news that mortgage originations took a plunge to a 17 year low. This is not just temporary. This is a longterm problem for the u. S. Housing industry. As the banks reported, their two ofast quarter the biggest mortgage lenders saw many fewer mortgage originations than they had in the past, even though they had been loosening their credit standards. Score average has dropped differently. Tell us what is really happening at this point. There are a couple of things. Builders have increased price is to