We have models which go some way towards doing this, but they also tend to suffer from the problem of disentangling the various factors. Over the past few years, the housing cycles have moved in different directions, and varied quite considerably around the country. The construction and price cycles are clearly highly interconnected. Both reflect the standard economic forces of supply and demand.
Both cycles often move in sync, but this time they aren't. So this current cycle presents the possibility to more clearly understand the differing effects of the housing construction cycle and the housing price cycle.